Google announces earnings at 4:01 PM, price shoots up in aftermarket trading.

[A HERETIC I AM]

Story from Yahoo put out before the close;
http://biz.yahoo.com/minyanville/080417/20080417eyesgoog_id.html

Yahoo quote screen;
http://finance.yahoo.com/q?s=goog

Story from Marketwatch.com released at 4:11;
http://www.marketwatch.com/news/story/google-profit-grows-31-amid/story.aspx?guid=%7B80F25B8C%2D7A0F%2D4FB8%2D8041%2DC4B9FFEB3FA3%7D

Marketwatch quote screen;
http://www.marketwatch.com/quotes/goog/?dist=DNH_S

Google closed at $449.54 but spiked up $45.00 almost immediately in after hours trading. The bid/ask spread is currently (4:18PM)hovering at the $501.00/share level.

Edited to add, Bid/ask spread now @ $505, up $51.70 from the close. (4:23)

[Pale Blue Dot]

1. Yay! We're all saved!

This makes up for the mountains of stories about layoff, foreclosures and bankruptcies!

Google's going to save our economy! They'll hire everyone!

:eyes:

Sorry for the snark, but real people's lives are being affected here and at this point you would have to be blind or willfully ignorant not to see it.

[A HERETIC I AM]

2. It's just news about a single company and the rather dramatic market response to it.

Nothing more, nothing less.