CHESSNOID

Today, Google opened down dramatically. Apparently there was a click report that shows lower paid click searches, according to MarketWatch

Now that makes sense compared to the other stories I was looking at last night. It is almost down 300 points from its high of $747 a share. Now, if you bought near its high of about 3 months ago, this has to be tough on your stomach. Normally, I would think a bounce would be soon, but in this downtrend market and Google breaking through the $500 floor, it might actually pick up more panicked sellers than bargain hunting buyers in the short term. At one of the stock charts site that I read, it indicates that there was a double bear breakdown on February 19 and the stock has a bearish stock price objective of $367 a share. Which would be approximately be 50% down from its high.

A few months ago, Google changed its tos for bloggers for its adsense and penalized them for using certain paid ads or links they said conflicted with the new terms it set out.  I remember many bloggers not just being upset about this but blogging about it angrily.  The blogosphere was full of Google PR frustration.  <That is Page Rank and not Public Relations>   I doubt this is a direct result of that.  Many bloggers argued that Google was starting to get too greedy and not follow its mantra of not being evil.  If I had a substantial income dependent on PR or Google searches that vanished overnight because of tos changes, then I might feel the same way.  I do believe in Karma and that things happen for a reason.