Stock of Google Fell 10% on Nasdap

[DNP]

Google's results were lower than expected, the result of the weakening economy hurting advertising revenue, while Microsoft missed forecasts by a penny. Also, Advanced Micro Devices Inc.'s chief executive stepped down after the chip maker posted a wider-than-expected loss.

Source : http://finance.yahoo.com/q?s=GOOG

 

[Donald Aquilano]

They don't meet expectations they pay the price. That's how its always worked on Wallstreet.

I take it your a shareholder? Me I try to stay away from tech stocks as much as possible. Better to invest in stocks in the consumer staples category.....like P&G, Kelloggs,General Mills,Kraft ect.... while the economy is in a slump.

 

[DNP]

They don't meet expectations they pay the price. That's how its always worked on Wallstreet.

I take it your a shareholder? Me I try to stay away from tech stocks as much as possible. Better to invest in stocks in the consumer staples category.....like P&G, Kelloggs,General Mills,Kraft ect.... while the economy is in a slump.

I do not have much left and yes I agree - the consumer staples category is the way to go these days...

 

[Poker]

I expect the market to head lower, this is just a bear rally, they are sharp and powerful but they just serve to suck in unwitting buyers. You never know how far they will run, but they do collapse. We were short term oversold and short covering, previous oil bulls as well as value players buying up financials have helped this bounce.

Nice to see bd77 at least agree that the economy is in a slump