GOOG It

IBM on the close yesterday and GOOG today. The analysts that cover these stocks must get paid for being surprised. The bigger the surprise the bigger the better the payoff. They also must use the same system for measuring earnings as the brokerage firms use for measuring risks. This gaming of the expectations game plays on with the bulls and bears also. The bears believe the downside has just begun because, well, the break has just begun. What with the bulls getting help from every bureaucracy flooding the financial system with enough cash to make bad habits good, it is hard for the bear to get beyond down wave number one. Now they have to fight off GOOG tomorrow as the market tries to run up the hill while waiting for CITI numbers.