This is another clear example of the mass media being late to another story. Google is $130 points (27%) off its high and NOW Time Magazine, Barron’s and others put out their cover stories. This is actually a secondary indicator to watch for a swing trade to the upside. Cheers!
PS: The loss of $130 points for GOOG translates into the loss of $38,000,000,000 in shareholder value. To put it into perspective, $38 billion is more than the entire equity value of the following companies, to name a few: Prudential, Halliburton, Lehman Brothers, DuPont, Allstate, Honeywell, Anheuser-Busch, and on and on.