Today, we have a somewhat centrally orchestrated overall market rally that appears to be a bit on the bubble side. Workday Inc (NYSE:WDAY) seems to be even more absurdly valued than its rival cloud stocks, trading at a whopping $10 billion valuation with no actual earnings to speak of or any meaningful revenue or cash flow data for longs to brag about. No, this recent IPO looks to me to be a "story stock" on serious performance enhancing drugs. While Workday Inc (NYSE:WDAY) is benefiting from being a "cloud story" and a "growth at any price" type of name, what really drives names like this is sentiment and hype.