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Did The US Navy Land Malaysia Airlines Flight 370 At It’s Diego Garcia Base In The Indian Ocean? (Part II)

Let’s continue with our top notch conspiracy theory reported on yesterday. WHY? Well, quite frankly because the report below makes more sense than traditional media BS we are being fed. I mean….come on. The plane vanishes into thin air in a highly trafficked and militarized area full of radars and no one has any idea what happened to it? Give me a break. Mind you, that is in a day and age when NSA knows if I am typing this blog post on my desktop or on my smart phone while sitting on a toilet. Plus, this type of thinking and questioning expands your mind and challenges traditional way of looking at things. Which should be done anyways. 

On a more serious note, as per last known location, the plane traveled directly towards Diego Garcia US Naval Base in the Indian Ocean. Yet, not a single news agency even mentioned that. The same Naval Base that has an air strip long enough to land a space shuttle and radar capability strong enough to cover most of the Indian Ocean. And they couldn’t see flight 370? Yeah, right. Was there something going to China that the US Government wanted to intercept? A disease? One thing is for sure, it’s a fascinating story. Read the report below and decide for yourself.   

z18.

 

Learn More About Diego Garcia Base Here

A grim report prepared by the Main Intelligence Directorate of the General Staff of the Armed Forces (GRU) on Malaysia Airlines Flight 370 is stating today that within 24-hours of this aircrafts “diversion” to the highly secretive Indian Ocean US military base located on the Diego Garcia atoll, no less than four flights, within the past week, containing top American and Chinese disease scientists and experts have, likewise, been flown to there.

According to this report, Malaysia Airlines Flight 370 (also marketed as China Southern Airlines flight 748 through a codeshare) was a scheduled passenger flight from Kuala Lumpur, Malaysia, to Beijing, China, when on 8 March this Boeing 777-200ER aircraft “disappeared” in flight with 227 passengers on board from 15 countries, most of whom were Chinese, and 12 crew members.

As we had previously noted in our report “Russia “Puzzled” Over Malaysia Airlines “Capture” By US Navy,” the GRU had previously notified China’s Ministry of State Security (MSS) of its suspicions regarding this flight due its containing a “highly suspicious” cargo that had been offloaded in the Republic of Seychelles from the US-flagged container ship MV Maersk Alabama.

First arousing the GRU’s concerns regarding this “highly suspicious” cargo, this report continues, was that after its unloading from the MV Maersk Alabama on 17 February, its then transfer to Seychelles International Airport where it was loaded on an Emirates flight bound for Kuala Lumpur International Airport in Malaysia, after first stopping over in Dubai, the two highly trained US Navy SEALS who were guarding it were found dead.

The two US Navy SEALS protecting this “highly suspicious” cargo, Mark Daniel Kennedy, 43, and Jeffrey Keith Reynolds, 44, were found dead under “suspicious circumstances” aboard the MV Maersk Alabama, this report says, further raising Russian intelligence suspicions as they were both employed by the Virginia Beach, Virginia-based maritime security firm The Trident Group which was founded by US Navy Special Operations Personnel (SEAL’s) and Senior US Naval Surface Warfare Officers and has long been known by the GRU to protect vital transfers of both atomic and biological materials throughout the world.

Upon Flight 370’s departure from Malaysia on 8 March, this report continues, the GRU was notified by the MSS that they were going to divert it from its scheduled destination of Beijing to Haikou Meilan International Airport (HAK) located in Hainan Province (aka Hainan Island).

Prior to this planes entering into People Liberation Army (PLA) protected zones of the South China Sea known as the Spratly Islands, however, this report continues, Flight 370 “significantly deviated” from its flight course and was tracked by VKO satellites and radar flying into the Indian Ocean region and completing its nearly 3,447 kilometer (2,142 miles) flight to Diego Garcia.

In a confirmation of the GRU’s assertion that Flight 370 was, indeed, flown to Diego Garcia, this report says, satellite transmission data analyzed by US investigators showed that this planes most likely last-known position was in a zone about 1,609 kilometers (1,000 miles) west of Perth, Australia in the Indian Ocean..

Most troubling to the GRU about Flight 370’s “diversion” to Diego Garcia, this report says, was that it was “nearly immediately” followed by some of the top disease scientists and experts from the United States Centers for Disease Control and Prevention (CDC) and the Chinese Center for Disease Control and Prevention (CCDCP) embarking to Diego Garcia on at least four flights.

As to why both American and Chinese disease experts were taken to Diego Garcia where Flight 370 is now known to be, this report says, has as yet not been answered by either of these governments after repeated Foreign Ministry requests for “explanations and clarification.”

What is to be known, this report says, is that as Malaysia has been forced to admit Flight 370 was, indeed, “diverted” from its flight path as the GRU had previously reported, and as at least 25 nations are now involved in searching for it, it remains a mystery as to what is actually occurring.

Also known, this report concludes, is that Diego Garcia as a designated ETOPS emergency landing site for flight planning purposes of commercial airliners transversing the Indian Ocean, and as one of 33 emergency landing sites worldwide for the NASA Space Shuttle, it is “inconceivable” that any type of aircraft, let alone Flight 370, can fly anywhere in the Southern Hemisphere without being tracked, monitored and recorded in totality. 

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Putin To The West: Shut Up Already. You Did The Same Thing In Kosovo

Whatever you think of Putin, you got to respect a man who is willing to stand up for what he believes in. Take notes Obama. Putin gave an important speech overnight and here are some of his major points. Pay close attention to the first two points to understand why he was willing to go to war over Ukraine.  

  • Putin accused the West of cheating Russia on many occasions, doing whatever it wants in pursuit of its own interests regardless of the legality of such actions. He said it was high time for Western powers to admit that Russia has its own international agenda and national interests too, and that they must be respected.
  • Russia would not tolerate the expansion of NATO to its borders and the military threat it poses, Putin said. Moscow is not against cooperation with NATO, but only if it is done with mutual respect.
  • Putin dismissed criticism of the Crimean referendum, which calls the move illegitimate. He cited Kosovo’s unilateral declaration of independence as an example of self-determination praised by the West.
  • He dismissed the notion that Kosovo was a unique case due to the bloodshed and ethnic conflicts in Yugoslavia, a position maintained by Washington.
  • The president brushed aside the allegations that Russia “invaded” Crimea ahead of the referendum. He said Moscow only reserved the right to use its troops to protect ethnic Russians from the radicals, but never did so.
  • The referendum on independence in Crimea was conducted in strict accordance with democratic principles and the international law, President Vladimir Putin told the Federal Assembly, as he was welcomed by a standing ovation.
  • Putin stressed that the results of the referendum, in which more than 82 percent of Crimean residents came to polling stations and more than 96 percent of those voted for rejoining Russia, leave no room for equivocation.
  • He said he sympathized with Ukrainians who took to the streets of Kiev in protest against President Yanukovich, whom they saw as profoundly corrupt.

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Putin To The West: Shut Up Already. You Did The Same Thing In Kosovo  Google

Putin: Crimea similar to Kosovo, West is rewriting its own rule book

The referendum on independence in Crimea was conducted in strict accordance with democratic principles and the international law, President Vladimir Putin told the Federal Assembly, as he was welcomed by a standing ovation.

Putin stressed that the results of the referendum, in which more than 82 percent of Crimean residents came to polling stations and more than 96 percent of those voted for rejoining Russia, leave no room for equivocation.

He said the history of Crimea, its cultural, religious and spiritual ties bind it with the peoples of Russia, Ukraine and Belarus, which explains the attitude Russians have towards the peninsula.

The president said Crimea had dark pages in its past, particularly the persecution of Crimean Tatars and other minorities in the USSR. The authorities of Crimea seek to recompense for those ills. One such move would be accepting the language of Crimean Tatars as an official language in Crimea on par with Russian and Ukrainian.

Putin lashed out at former Soviet leader Nikita Khrushchev, under whose rule Crimea was attached to the Soviet Ukraine without any regard for Crimeans’ wishes and in violation of the laws of the time.

Crimean separation from Russia was reinforced again after the split of the Soviet Union, Putin said. This could be partially blamed on Moscow too, as it hailed the so-called “parade of sovereignty” of the Soviet Republics.

 

Russia has since respected the results of the USSR’s dissolution, including Crimea’s being part of Ukraine.

Russia’s position was based on the assumption that Ukraine would remain a friendly partner respecting the historic ties between the two countries. Russia continues and will continue to see these relations as most important.

Putin criticized several governments in Kiev for neglecting average Ukrainians, seeing the country as a source of profit.

He said he sympathized with Ukrainians who took to the streets of Kiev in protest against President Yanukovich, whom they saw as profoundly corrupt.

But the new authorities who replaced Yanukovich after an armed coup are to a large degree controlled by the radical nationalists, Putin stated.

Those same radicals voiced threats against Ukrainians who resist their rule, particularly those living in Crimea.

Turning a blind eye to those threats and the moves of the new authorities, which violated the rights of ethnic Russians in Ukraine, would be betrayal on part of Russia, Putin said.

The president brushed aside the allegations that Russia “invaded” Crimea ahead of the referendum. He said Moscow only reserved the right to use its troops to protect ethnic Russians from the radicals, but never did so.

 

Russian President Vladimir Putin addresses the Federal Assembly, including State Duma deputies, members of the Federation Council, regional governors and civil society representatives, at the Kremlin in Moscow March 18, 2014. (Reuters / Maxim Shemetov)

Russian President Vladimir Putin addresses the Federal Assembly, including State Duma deputies, members of the Federation Council, regional governors and civil society representatives, at the Kremlin in Moscow March 18, 2014. (Reuters / Maxim Shemetov)

 

Whatever troops Russia has in Ukraine are present lawfully, since Russia can deploy up to 25,000 troops as part of the contract to maintain its naval base in Crimea, Putin said.

Putin dismissed criticism of the Crimean referendum, which calls the move illegitimate. He cited Kosovo’s unilateral declaration of independence as an example of self-determination praised by the West.

That ballot was ruled legitimate from the standpoint of international law by the International Court of Justice, and the same rule applies to Crimea, he said.

He dismissed the notion that Kosovo was a unique case due to the bloodshed and ethnic conflicts in Yugoslavia, a position maintained by Washington.

The ICJ says nothing about number of victims in justifying Kosovo’s secession from Serbia, Putin said.

Russia dismisses the “need” for victims for Crimea to declare independence, Putin said. He added that there could be victims there, if it were not for the Crimean self-defense forces, which prevented any possible provocations.

The Russian president also praised the Ukrainian military in Crimea, who showed restrained during the crisis and did not allow any bloodshed in the defiant peninsula.

Putin accused the West of cheating Russia on many occasions, doing whatever it wants in pursuit of its own interests regardless of the legality of such actions. He said it was high time for Western powers to admit that Russia has its own international agenda and national interests too, and that they must be respected.

Russia would not tolerate the expansion of NATO to its borders and the military threat it poses, Putin said. Moscow is not against cooperation with NATO, but only if it is done with mutual respect.

Putin said that amid the Ukrainian turmoil and considering the historic context, he understood well why the Crimean people chose to join Russia. Any other status would not ensure the stability and safety of Crimea. Crimea wants to be under a stable sovereignty, and the fact is that this sovereignty may only be Russian, he stressed.

The Russian population is overwhelmingly in favor of accepting Crimea as part of Russia, Putin said.

Considering all those factors, Putin is submitting a draft federal law which would incorporate Crimea and the City of Sevastopol into Russian territory, as well as a request to ratify an international treaty with the government of Crimea to make this happen. He said he was sure of the legislature’s support for both documents.

Russian Mafia Talking Head…..We Can Nuke America Back To The Stone Age

Watch with caption below and decide for yourself

Russian Mafia Talking Head…..We Can Nuke America Back To The Stone Age

Investment Joke Of The Day

Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day.

The next day he drove up and said, ‘Sorry son, but I have some bad news, the donkey died.’ Chuck replied, ‘Well, then just give me my money back.’ The farmer said, ‘Can’t do that. I went and spent it already.’ Chuck said, ‘Ok, then, just bring me the dead donkey.’ The farmer asked, ‘What ya gonna do with him? Chuck said, ‘I’m going to raffle him off.’ The farmer said ‘You can’t raffle off a dead donkey!’ Chuck said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’

A month later, the farmer met up with Chuck and asked, ‘What happened with that dead donkey?’ Chuck said, ‘I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.’ The farmer said, ‘Didn’t anyone complain?’ Chuck said, ‘Just the guy who won. So I gave him his two dollars back.’

Chuck now works for Goldman Sachs.

Warning: Before You Travel To The US

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Over 54% of Americans have never been outside of the US. A sad statistic to be sure, but understandable. After all, the State Department has so many “warnings” that it is plausible to see why most American’s believe that they will be rapped, kidnapped, shot and beheaded as soon as the step foot on any foreign soil. Having been around the world, for the most part, I completely ignore the State Department advisory warnings. Yet, have you ever thought about what other nations warn about when it comes to travel into the US?

That’s right….damn German nudist….I am talking about you. If you keep undressing in public places we will keep arresting you.  Here are some of the other ones and they are classic. 

Australia

“The US has higher incidence of violent crime compared to Australia. Earthquakes, fires or wildfires, floods, extreme heat, landslides and debris flow (mudslides), thunderstorms and lightning, tornadoes, tsunamis, volcanoes (Hawaii, Alaska and Pacific Northwest), winter storms (freezing rain, heavy snow and blizzards) and extreme cold. Regardless of how healthy and fit you are, if you can’t afford travel insurance, you can’t afford to travel to the US.”

Canada

“Remain alert and discreet while in entertainment areas. Canada and the U.S. have a treaty that permits a Canadian imprisoned in the U.S. to request a transfer to Canada.”

England and the UK

The Gov.UK site warns that U.S. “speed and drink driving [sic] limits are lower than in the UK” so, watch yourself. “The plant Khat (or Qat) is an illegal narcotic in the US. You will be arrested and detained with the possibility of a prison sentence if you bring Khat into the country.” 

Germany

“Nude bathing and changing clothes at the beach stirs up public agitation and can lead to unpleasantnesses.”

Ireland

“Crime remains relatively low in the US.” However, the weather is another matter and there are numerous warnings about hurricanes including the fact that the season runs from June until the end of November and “can affect the whole of the southern US.” “When it is hot, drink plenty of water and apply sun screen” and also, “When it is cold, keep warm with layers of clothes.” 

Italy

“Beware of brushfires in California” 

That’s not too bad. 

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Warning: Before You Travel To The US Google

Attention: The Crisis In Ukraine Is Now Over…..Bull Market To Continue?

After analyzing Russian media for quite some time I believe the conflict in Russia is now over. Putin got what he wanted……a highly strategic and valuable piece of real estate known as Crimea. Plus, both Putin and Russian people see this as a major victory over the West.  Given the West’s incredibly weak sanction response, Russia is ready to be done here. While Putin will maintain a high level of Russian troop presence around Ukraine, just in case, he is somewhat reluctant to go into East Ukraine. If things remain as they are, you can consider this conflict over.

The only thing that can escalate the situation further is sanctions that have a bite. Looking at today’s situation, I see very little evidence that either the EU nor the US are willing to go far enough to hit Russia with actual sanctions.  However, if they do, you will see an immediate re-escalation of hostilities in Ukraine. At that stage, Putin will be willing to go into Eastern Ukraine to show his dominance. 

In terms of the stock market, this geopolitical issue will not impact the markets over the long terms. While we might see some short-term volatility associated with Russia’s action, over the long-term Ukraine becomes irrelevant. The Bear Market of 2014-2017 will start shortly, ushering in much lover prices over the next few years. If you would like to find out exactly when it starts and it’s exact internal structure, please Click Here. 

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Attention: The Crisis In Ukraine Is Now Over…..Bull Market To Continue Google

 WAR IS OVER INVESTWITHALEX

Did The US Navy Land Malaysia Airlines Flight 370 At It’s Diego Garcia Base In The Indian Ocean?

World would be a boring place without a good “conspiracy theory” here and there. The disappearance of Malaysia Airlines Flight 370 is without precedent. How does a plane vanishes into thin air in today’s environment and under proposed circumstances? That’s impossible. When I first saw the report below, shortly after plane’s disappearances, I dismissed it as a bunch of “crazy crap”. However, with recent media coverage, plane’s supposed arc of travel and numerous other facts pointing in this direction (ex: jet flying under 5,000 ft), it tend to give this possibility a lot of credence. One thing is for sure, it’s a fascinating story.  I will let you read the report and decide for yourself. 

REPORT

malaysia airlines flight 370

“A new report circulating in the Kremlin today prepared by the Main Intelligence Directorate of the General Staff of the Armed Forces (GRU) states that Aerospace Defence Forces (VKO) experts remain “puzzled” as to why the United States Navy “captured and then diverted” a Malaysia Airlines civilian aircraft from its intended flight-path to their vast and highly-secretive Indian Ocean base located on the Diego Garcia atoll.

According to this report, Malaysia Airlines Flight 370 (also marketed as China Southern Airlines flight 748 through a codeshare) was a scheduled passenger flight from Kuala Lumpur, Malaysia, to Beijing, China, when on 8 March this Boeing 777-200ER aircraft “disappeared” in flight with 227 passengers on board from 15 countries, most of whom were Chinese, and 12 crew members.

Interesting to note, this report says, was that Flight 370 was already under GRU “surveillance” after it received a “highly suspicious” cargo load that had been traced to the Indian Ocean nation Republic of Seychelles, and where it had previously been aboard the US-flagged container ship MV Maersk Alabama.

What first aroused GRU suspicions regarding the MV Maersk Alabama, this report continues, was that within 24-hours of off-loading this “highly suspicious” cargo load bound for Malaysia Airlines Flight 370, the two highly-trained US Navy Seals assigned to protect it, Mark Daniel Kennedy, 43, and Jeffrey Keith Reynolds, 44, were found dead under “suspicious circumstances.”

Both Kennedy and Reynolds, this report says, were employed by the Virginia Beach, Virginia-based maritime security firm The Trident Group which was founded by US Navy Special Operations Personnel (SEAL’s) and Senior US Naval Surface Warfare Officers and has long been known by the GRU to protect vital transfers of both atomic and biological materials throughout the world.

Upon GRU “assests” confirming that this “highly suspicious” cargo was aboard Malaysia Airlines Flight 370 on 8 March, this report notes, Moscow notified China’s Ministry of State Security (MSS) of their concerns and received “assurances” that “all measures” would be taken as to ascertain what was being kept so hidden when this aircraft entered into their airspace.

However, this report says, and as yet for still unknown reasons, the MSS was preparing to divert Flight 370 from its scheduled destination of Beijing to Haikou Meilan International Airport (HAK) located in Hainan Province (aka Hainan Island).

Prior to entering the People Liberation Army (PLA) protected zones of the South China Sea known as the Spratly Islands, this report continues, Flight 370 “significantly deviated” from its flight course and was tracked by VKO satellites and radar flying into the Indian Ocean region and completing its nearly 3,447 kilometer (2,142 miles) flight to Diego Garcia.

Critical to note about Flight 370’s flight deviation, GRU experts in this report say, was that it occurred during the same time period that all of the Spratly Island mobile phone communications operated by China Mobile were being jammed.

China Mobile, it should be noted, extended phone coverage in the Spratly Islands in 2011 so that PLA soldiers stationed on the islands, fishermen, and merchant vessels within the area would be able to use mobile services, and can also provide assistance during storms and sea rescues.

As to how the US Navy was able to divert Flight 370 to its Diego Garcia base, this report says, appears to have been accomplished remotely as this Boeing 777-200ER aircraft is equipped with a fly-by-wire (FBW) system that replaces the conventional manual flight controls of an aircraft with an electronic interface allowing it to be controlled like any drone-type aircraft.

However, this report notes, though this aircraft can be controlled remotely, the same cannot be said of its communication systems which can only be shut down manually; and in the case of Flight 370, its data reporting system was shut down at 1:07 a.m., followed by its transponder (which transmits location and altitude) which was shut down at 1:21 a.m.

What remains “perplexing” about this incident, GRU analysts in this report say, are why the American mainstream media outlets have yet to demand from the Obama regime the radar plots and satellite images of the Indian Ocean and South China Sea regions as the US military covers this entire area from Diego Garcia like no other seas in the world due to its vital shipping and air lanes.

Did The US Navy Land Malaysia Airlines Flight 370 At It’s Diego Garcia Base In The Indian Ocean?

The US Economy Is On Fire….Quiznos Files For Bankruptcy….Oh

I do have to admit that their sandwiches taste like crap, but that’s beside the point. Quiznos filed for bankruptcy protection for its 2,100 stores today. That comes on top of Sbarro Pizza chain filling for bankruptcy just a few days ago. A coincidence? After all, if you are to listen to Perma Bulls, the FED and our Administrations, the US economy is on fire and about to get better.

What they forgot to mention is that most of economic expansion over the last 5 years has been driven by credit expansion and speculation. This pile of debt is what’s keeping this economy afloat while artificially inflating corporate earnings. Take Quiznos for instance. They have had over $400 Million in debt spread out over 2,100 stores. That’s crazy and no company of Quiznos size can sustain such a heavy debt load. And its not just Quiznos. It’s pretty much everyone outside of massive cash cows like Apple, Google or Goldman Sachs.  

When this credit bubble finally pops, and it will, you will see a line of American companies under heave debt burden filling for bankruptcy. Quiznos and Sbaro where just the first to go. If you would be interested in learning when the bear market of 2014-2017 will start, please CLICK HERE. 

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The US Economy Is On Fire….Quiznos Files For Bankruptcy….Oh Google

First, Sbarro. Now, Quiznos.

Quiznos has filed for bankruptcy protection, five days after theSbarro pizza chain did the same.

Executives at the restaurant chain, known for its toasted sandwiches, agreed to a restructuring plan that will reduce its debt by more than $400 million, the company said in a statement Friday.

All but seven of Quizno’s 2,100 restaurants in the United States and 30 other countries are independently owned franchises, and will remain open and operating as usual.

CEO Stuart Mathis said the company will take action to help increase sales and profits for its franchise owners going forward. It will look to reduce food costs, invest in local advertising and, in some circumstances, make loans available for restaurant improvements.

IPO Madness Continues

IPO madness continues unabated. Today’s target? Castlight Health (CSLT), went public today at $16, and quickly shot up to $42, giving it a valuation of roughly $4 Billion. Not a big deal, you might think. Until you find out that the company has only $13 Million in revenue and huge net losses. With it’s valuation at 307 times it’s revenue this company better cure cancer and bring world piece to justify its valuation. In case you believe this sort of a valuation is alright, give me a call, I have some Nortell and Pets.com stock to sell you. 

Just another nail into this bull markets casket. If you would be interested in learning when the bear market of 2014-2017 will start and its internal composition, please Click Here.  

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IPO Madness Continues Google

Castlight Health: Most overpriced IPO of the century

In hindsight, it’s kind of funny that the big tech bubble debate this week focused on Candy Crush Saga owner King Digital Entertainment’s IPO filing. It’s funny because, on Thursday night, Wall Street priced the craziest deal since the heights of the Internet bubble and almost no one complained a bit.

 

That deal was for Castlight Health (CSLT), a company that offers health information via the Internet to inform medical choices and reduce insurance costs. Sounds like a pretty good idea, and Castlight says it has helped some of its corporate customers reduce their health costs by more than 10% a year.

Goldman Sachs, Morgan Stanley and other lead underwriters priced Castlight’s shares at $16, above an already raised expected range of $13 to $15, giving the company a valuation of $1.4 billion. That’s billion with a “b.” Last year, Castlight had $13 million of total revenue. That’s million, with an “m.”

Then the stock opened on Friday at almost $40, giving it a valuation of over $3 billion!

Insane valuation

Jay Ritter, a professor at the University of Florida and my go-to source on IPOs for the past few decades, tells me that Castlight’s insane level of valuation – 107 times revenue (not profits, as they had huge losses last year) – of the original IPO pricing hasn’t been seen for a tech deal since the year 2000, the twilight of the 20th century. Of the prior 13 deals priced at 100 times revenue or more and sales of at least $10 million, the average 3-year return was -92%.

Investors have been attracted by the siren song of market potential. With trillions spent on health care and everyone trying to save money, surely there’s a big market for Castlight’s services?

That’s probably true but it’s also obvious to a lot more folks than those at Castlight. Try the numerous private competitors, companies such as Change Healthcare, backed by investors including Blue Cross Blue Shield, and Healthsparq, which recently said it served 60 million consumers. And the big health insurers themselves, Aetna (AET) and UnitedHealth Group (UNH), for example, are already experimenting with similar services and giving them away free to major customers.

To be sure, it’s a great idea. One of the biggest hurdles to controlling healthcare costs is the complexity and obfuscation in the market. It’s hard to be a smart shopper when you can’t compare the quality of different providers or even know how much they’ll end up charging. Castlight and its competitors collect vast amounts of data and display relevant bits in a more clear and simple way to help consumers make smarter choices.

The next Netscape?

But there’s no way to tell who will win this theoretically huge potential market in the future, nor is there any way to predict how profitable it will end up. Castlight seems far more likely to end up as the next Netscape, which got obliterated when Microsoft decided to give away an Internet browser for free and wipe out Netscape’s whole business model of charging.

Investors who agreed to pay $16 a share for Castlight Thursday night seem more focused on the inspiring performance of other cloud-service stocks, such as Benefitfocus (BNFT), which went public at $26.50 a share last September and currently trades at $58, off its all-time high of $77 in January.

It’s pretty clear a bubble is inflating in this sub-sector of Internet stocks and Castlight makes that incredibly obvious. In early trading, Castlight’s $3.5 billion valuation is more than double the value of Benefitfocus though it has about 1/10 the revenue. Next week the bubble may inflate further when a couple more cloud service providers are expected to price their IPOs, including banking specialist Q2 and HR benefits provider Paylocity.

Meanwhile with all the competition for Castlight, the company is spending like crazy on marketing, R&D and the like. On its $13 million revenue base last year, it spent $34 million on sales and marketing, $15 million on R&D and $9 million on administrative costs. Bottom line: a $62 million net loss.

And then there’s the curious case of Castlight’s present business. The company already has 24 corporate customers in the Fortune 500, including Walmart Stores (WMT). The retailing giant, which covers more than 1 million people under its employee health plans, was responsible for 16% of Castlight’s revenue, or about $2 million, under a contract which expires at the end of 2015.

Does that seem like a massive revenue stream from one of the single largest healthcare providers in the nation? Not exactly. Again – they already have one of the biggest clients on the planet and the revenue is peanuts. Yikes.