Greg Feirman1

Say Goodnight as Google Disappoints

Google was getting hit way before the MSFT/YHOO deal. Plus, nobody seems to think that combination is much of a threat to Google - so it doesn't explain selling in Google.

I agree, Adam, that the fundamentals are good. But what this earnings miss and price action suggest is that the peak for this cycle is in. So while Google is still solid fundamentally, it likely will go lower before going higher.

Rumpole: Yes, I think GOOG and GS are the most important stocks in the market these days.