Friday, January 20, 2006

Nasdaq, Dow drop!

The Nasdaq dropped 54 points today, while the Dow dropped 213 points. It was just the other day that I was wondering what had caused the Dow to cross 11,000 after almost 4 years. Some joked that the dotcomm days are returning! The drop today indicates the impact that Google is having overall. A significant drop in its share prices is bound to rag the market down overall. A great achievement for a company which has been public for such a short time. Moreover, one must admire their courage to stand up to the Justice Department.