Friday, April 13, 2012

NaND (Not a Nice Day)

At 8:02am MST on 02012.04.13 (Yes. A Friday the 13th.) the NASDAQ was down 1.2%. DJIA was down 0.72%. I found this FT.com (Financial Times) headline interesting: "US stocks drop on China GDP miss".

Google (GOOG), which reported 1Q'12 results after the market closed yesterday, was down ~3% at 8:08am MST on 02012.04.13.

[update::02012.04.13 at 1:37pm MST The markets have closed for the week. Yeah. Today was NaND (Not a Nice Day). The DJIA was down 1.05%; the NASDAQ was down 1.45%; the S&P 500 was down 1.25%; the Russell 2000 was down 1.31%.

GOOG lost 4% of its market value today. The 2:1 stock split doesn't appear overly popular, but there is also concern about CPC (Cost Per Click). The following is from Google's CFO via Tiernan Ray at Blogs.Barrons.com...

"So the dynamics around CPCs and paid clicks are just simply very complex because of all of these big factors and chain continue continually so trying to pick a horse so-to-speak just doesn’t make sense. We internally track all these factors. Who dig into all these details on an ongoing basis. So we won’t go into that level of detail every quarter. But again, the key thing to understand is that we believe that shifts in CPC or paid clicks taken independently simply don’t reflect the fundamental health of our business which we believe is actually very healthy."

I have to believe that Google is "very healthy." In fact, my gut tells me Google is very, very, very healthy. But, as with most things, only time will tell.

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