ha ha ha you think they tell their shareholders in a conference call what is about to happen-you are a bigger fool than i thought i listened to endless conference calls of mortgage companies selling kool-aid all the way to bankruptcy! i am not saying bk for google i am saying single digit P/E's for all companies before a bottom this is not a normal market or normal market conditions-this is a suckers rally! all cable providers know when things get tight people stop extra spending -one is INTERNET SERVICE PROVIDERS when people turn off their computers because they are poor and disgusted-who is going to spend money on advertising to a few million people who can afford internet-there is a sh1tstorm in derivatives and credit cards that is set to unwind-until that happens NO real BOTTOM!
Search advertising is immune to recession and most effective advertising there is. It is still on track to grow to $20B by 2012 from just over $10B. Goog's dominance of search advertising is not even challenged never mind threatened.
WERD!!! GOOG has recovered now. Please stop shorting it before you get a margin call. Going to $800 soon.
With a PE of 22.39 it's a bit overvalued. There are many other companies with better fundamentals around.