Market Still Weak. Google disaster

Ok. I was pretty much wrong in the last week on the general market direction ( I am not too upset since it is the first time in several months that I have been wrong.)  I will not make another prediction on the market but I will say the obvious that it continues to look dreadful and that from a risk prospective it is very similiar to betting that Ralph Nader will be president…. Google, on the other hand makes dreadful look good. The company continues to get slammed and rightfuly so. It can not escape economic reality. I will reiterate that this will trickle down eventually to the PE market and when it does it will be conference ghost towns all over again. Been there. Done That. Will do that again.

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