When you have a quarter as amazing as Google (GOOG) did last night you can stiff analysts over and over and refuse to tell them anything they want and you can get away with it.
Yep, it was that amazing. Suddenly every initiative is working. Suddenly Google+ looks like it is a serious challenge to Facebook. Suddenly YouTube has become a money maker of some proportion that the acquisition now looks genius. Suddenly we see that Chrome, which, along with Apple (AAPL), is dominating the growing smartest phone market, will be boosted significantly by the Motorola Mobility acquisition.
Suddenly we see that there really aren't any other search plays worth mentioning and that Google's on a search rampage. The growth of this business is accelerating. I found myself feeling bad for the other guys and wondering what quarter will produce the mercy killings. Suddenly it appears that other that Apple and Amazon.com (AMZN) there isn't anyone else out there and only Google has all three of the trinity: mobile, social and cloud.
It's amazing. Yes, it was that good a quarter. Somehow, oddly, it feels as if it is just beginning. Plus, the business is being managed perfectly and Larry Page is now Larry Sage. The spending initiatives I was worried about, they are gleeful about shutting them down and streamlining them if they don't work. It's the ideal state of affairs for an incubator.
You don't get a stock up 40 points for nothing. This was about as good a quarter you could have.