A few weeks ago, I did a post called Will Chart for Booze, which was a tale of a chap in a bar who bought me a drink and regaled me with tales of his Google purchase, based upon something he read about them getting machine learning. Let’s see what has happened with his ill-conceived purchase where I’ve marked the arrow.
We’re in a very different market now. An ursine one. I see this just grinding lower for many months to come, if we can make the trendline on the $COMPQ. As for Google, that trendline you see has NEVER been broken until now.