We’ve certainly had some violent moves over the last week or so. I can’t remember when the last time I saw the Dow up over 200 points. We even got close to having the trading curbs kick in. So it was clearly a good day for the bulls but to hear all the excitement on CNBC you’d think we were back to all-time highs instead of just being back to where we were last week.
Google added an extra boost to the Nasdaq with their blowout earnings report. I enjoyed listening to Cramer rant & rave about it on CNBC. He’s now bumped his GOOG price target from $250 to $318. A simple measured move from the old high to the March lows projects a target of $260 or so.
Google Adsense: Three Facts & 1 Theory
Three facts:
Fact: Google needs to post significantly greater-than-average earnings to meet high market pricepoints. If it’s stock is going to exceed $250 anytime soon, earnings must be exceptional. [source]
Fact: Google’s cut of Adsense re…