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Friday, January 22, 2010

Market Thought... divorced goog

Had to divorce myself from GOOG at the moment, so I can maintain an unbiased thought process.

For the most part I think the decline is overdone here.

The spike in the Vix is nice, and I can see a scenario where the Vix approaches 28, but then I think of earnings.
Many gave very good reports, and indicated very decent guidance. On top of that we still have 60-70% of the stimulus to spend. I am hard pressed to be a seller at this point.
I will most likely enter GOOG again intraday.

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