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.
More on this topic (What's this?)
Market Update: Citigroup Inc (NYSE:C) – Hayes tried to influence colleagues after joining Citi,... (Jutia Group, 6/19/15)
Company Update: Citigroup Inc (NYSE:C) – Citigroup manager tried to get brokers to lower Libor ... (Jutia Group, 6/23/15)
Google Is Facing A Strong Threat To Its Core Digital Ad Market From Facebook (Green World Investor, 5/27/15)
Loon Prepares to Take Flight (Telecom Ramblings, 4/20/15)