The market is weak today, but GOOGL is weaker. The of GOOGL to the market has rolled over quite a bit.
Also in the news today - you hear stories that GOOGL denied that they might want to buy companies like EBAY (trading at ONLY 2 times sales, while GOOGL trades at 6 times sales) alerts me that we are in a tenuous situation where and revenues have to come from acquisition and "mark-up" from buying and sales. The gains in the market overall have come from stock buybacks and leveraging the balance sheets of corporate America. The oddity is that companies are buying back their shares at elevated prices instead of soaking up shares when they are trading cheap. Stock buybacks historically are , but only when prices are down.
Good fortune to us all.
Tim 3:10PM EST 9/12/2014 Friday