Keith Watanabe * NET 2.0

...and you lose some
By: Keith Watanabe
Published On: 1-22-2006

the stock market in the US got hit pretty hard on friday's closing session. Dow went down by 213 points while NASDAQ slipped by 54 points. One of the biggest stocks I track (but not buy) is Google. That got walloped by almost 37 points. Ouch! I still think that stock is far overvalued. Some say that the fed rebuttal has hurt their stock because there's a good chance for a lawsuit. Money issues aside I think it's great that Google rebuked the government. In anycase though, this really hurts. Most of the market was down for the day. I track quite a few stocks but most of it is in technology. Not sure why the flood but it's possible that the asian stock market (most notably of course Japan) affected this wave since investor confidence might've been decimated over the TSE's problems.

Tags: stocks
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