http://www.marketwatch.com/news/story/google-gets-big-lift-ma...
Google up 21% provides margin of safety while shorting.
http://www.marketwatch.com/news/story/contrast-between-best-w...
The comment by buddhakon sold me on the idea.
"Here's my problem with Tech on a Macro Scale.. and we all know what those arguments are worth..
If the Banks are truly reigning in the Cash .... then eventually what you're going to see is the companies who fuel technology are going to start to get cash strapped ... and therefore will spend less.
The banks didn't really start putting on the brakes until mid first quarter , therefore it would NOT be reflected in First quarter Earnings..
Therefore if you're going to see a JUMP on the basis of strong First quarter reports.... you're going to see the parallel drop on the basis of 2nd quarter reports... followed by the true recovery in the 3rd and 4th quarters."
Although I don't believe in the "true recovery" part,I believe his analysis of the earnings is correct.And fundamentally nothing has changed in the US economy regardless of what the talking heads tell us.
$543.37988 (04/18/08)
