That’s Gotta Hurt

Posted on March 10, 2008
Filed Under Uncategorized |

What the market gives… the market takes away. Charts are fun, check out Citigroup vs. Google for the last 3 months. To be fair, if you stretch it out 6 months GOOG doesn’t look nearly as bad as Citi until you consider that the decline from the peak of GOOG over that time to today is the same 60% swing that Citi experienced. VMW has actually declined faster and at times with breath-stopping plunges over the same period of time. We saw this same behavior in 2001-02… if history is any guide I wouldn’t expect it to stop in the near term. We could watch GOOG get crushed down to 200 would be my back-of-the-napkin guess.

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More on this topic (What's this?)
Citigroup Inc. (NYSE: C): Back To Its Old Ways? (Stock Wizard, 2/16/10)
Citigroup Inc (C) Shares Surge (Short-Term Trading, 3/10/10)
The Number One Reason Why Google Failed In China… And It’s A Big One (Investment U, 1/28/10)
Google Fiber, update #5 (Communications Breakdown, 3/6/10)
Read more on Google, Citigroup at Wikinvest

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