EconomyDBland on 09 Oct 2008 09:01 pm
It’s no secret the Economy is dropping faster than an American Automobile shoved off a cliff, but just how far down is down? Analysts are already cutting back their estimates on Google, and as I write this it is below 330. My guess is that it is below 300 by mid next week.
Are we realistically looking at GOOG being at or below 200 by year end?
Some analysts say so, and the first thing to go in a budget will be internet advertising. I can’t imagine what it is like to get in @700 and watch this train wreck. Having managed to help bring a start-up through the dot com implosion, I can honestly say this down turn concerns me even more.
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on 10 Oct 2008 at 7:00 pm # Allan
Certainly this market downturn is more widespread that the dotcom bust. I do think there are deeper issues to work through until the economy becomes strong again.
on 10 Oct 2008 at 8:53 pm # 7thpixel
As I commented on TC today, easy credit combined with this start-up based on start-up based on a start up mentality is not a sustainable methodology. I’ll try to spend some time thinking about it in more detail and write it up shortly.
on 11 Nov 2008 at 11:39 am # GOOG @300 & I’m a month off. | +INT Blog
[...] month I predicted GOOG would fall below 300 within a week, but it seems as if I was a bit premature to pull the trigger. GOOG actually kept it’s head [...]