That’s Gotta Hurt

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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