By Hedge Ly
LADIES AND GENTLEMAN, google has missed earnings. the cash cow ATM machine is not churning out the bucks. Goog has broken its long term trend, look for it to drop to 450 area in the short term. The downturn in the economy and tightening of consumer spending likely caused goog customers to cut back advertising budgets. GOOG has dropped 25% from its highs in the 700's they only missed by 1 c a share. earnings came in at $4.43 per share, narrowly missing Wall Street's expectations of $4.44 a share.
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