The Faultline Fifty dropped $8 billion this week, sliding back gently as the results season starts to come to an end. That’s a total of just 0.38% to add to the 2.8% it fell last week and was in line with the fall of the Nasdaq composite over the week of about 0.5% (See attached spreadsheet). The valuation of Matsushita continues to beggar belief, with the company announcing results of $19 billion for the quarter, up 5% from this time last year, and a net income for the quarter that outweighed last year’s losses. Its share price barely budged upwards, mostly due to its net income being just 1% of its revenues, making its PE for four such quarters about…