Good. Google's P/E is less than 25...and they're a growth company. I can't wait to slowly start buying (weighted average cost please) some of these money earning stocks over the next few months (value, growth, everything). This is why you invest for the long-term and always diversify. If you have some extra money outside your emergency fund lying around, dump it in to a Roth IRA (Vanguard & Fidelity are excellent) and slowly start buying.
Certainly - for the long term, this is a buyer's market. Since it's too hard to predict when the bottom will hit, dollar cost averaging is a good strategy.
I'm not sure how much that's growth vs. shifting from one place to another. But even still, you'd have to expect a pretty large explosion in the near term, and assume that it was highly-monetizeable for that alone to make them a growth company.
There's over 10x the amount of mobile devices vs. the amount of PCs/Macs worldwide.
Essentially, 5-15 years from now, everyone's going to be on the "new PC" all the time, anywhere they go. That's why Google is so invested in Android...they want to control your browser, your cell, your email and your operating system, which lead to controlling your search.
If and when GOOG dips below $350, I'm going to start buying. A ~20 P/E for what in my eyes is a growth company, is ridiculous. This isn't just limited to GOOG either; there's going to be a ton of bargains (by historical standards).
The recession will reduce demand for oil, the Fed's attempt to get us out of the recession by inflating the currency is making money flee into gold.
The lesson is, you can't push a string, you can not force the smart people who kept their cash out of stupid investments to spend it before the market bottoms.
You can create inflation but that will just force them into gold and that helps no one.
But businesses that are having a hard time getting credit now will be asking themselves "do I really NEED to buy new computers?" Anyone dependent on Macs already has them.
Seems sensationalist.
If you look closely, the dow was down 7%. aapl's beta is 2.37, so we'd expect apple to fall 17%. goog's is 2.07 for 14.5%. yhoo's 1.19 gives 8%
since the market lost so much money last night, how badly are the tech giants fairing against expectation?
aapl:-4%
goog: 3%
yhoo:-3%
so, either Oh NOES! teh sky is falling! or tech stocks are more sensitive to market activity.
