that old adage

the old saying, 'buy the rumor, sell the news' works well in the other direction too: 'sell the rumor, buy the news'. All week, actually for weeks now people have been watching and waiting for Google to report their quarterly numbers. Finally the numbers came out and the first comments were about how growth was slowing & that Google's main business was eroding. The stock traded up in after-hours trading and they essentially knocked the ball out of the park. So what does it do today? Trade up 90 points, almost 20%. Go figure. Interesting side note, for the first time ever, a majority of sales came outside the U.S.

Happy Friday.

DJIA 12,849.36

NASDAQ 2,402.97

SP500 1,390.33