I (and I can't believe I'm about to say this), am completely in agreement with everything Sasquatch just said.
Between registrar hoarding, the seasonal drying up of good names (yes, there is seasonality in the drop biz) and just plain natural atrition; good names at realistic (speculator) multiples are getting less and less IMO.
The only question is whether this is a 'bubble' that will ultimately pop and correct itself, or whether this is the final unwinding of the incredible glaring opportunity that we all took for granted, for so long.
Could it be that the rest of the world that has to 'work' (tee hee hee hee) for a living actually thinks that prices are still cheap?
We either need to pony-up more dollars, hang them up, or wait for the "innevitable" correction (if we think such a thing is actually coming).