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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About
My name is Jeff Nolan and I write Venture Chronicles. I am the VP of Product Marketing for Get Satisfaction and I write about a range of topics that interest me, including public policy, technology, entrepreneurship, finance, and global issues.
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