Daily Market Blog: Google's "one trick" still working
"As you can see, the majority of the business is still very much based on advertising. The third segment is called Other Revenues and accounts for $1.84bn or 11% of total sales. This includes Googles many side businesses which either direct traffic to their site (Android) or does something completely different to it's current model. Businesses such as Motorola, Nest, Android, Driverless Cars, Google Glass, Google+ Gmail and YouTube. The list goes on. I really like this innovative side to Google, they are going to hit the jackpot soon with one of these."
To market, to market to buy a fat pig. The JSE (and world markets) finally had the sizable rally that market trackers have been hoping for. The JSE closed up 2% on Friday and the S&P 500 was up 1.3%. Could this be the turnaround and the start of the market recovering the 10% that it has lost over the last couple weeks? Or is this as traders will say, "dead cat bounce", which essentially is a temporary recovery followed by more pain.
I can't tell you what the market is going to do today, let alone a week from now, but what I am certain enough of , enough to put my money into these stocks, is that quality companies will continue to grow and still be around a decade from now. If I had given you the current market prices a month ago, you probably would have jumped at the opportunity to buy? Who remembers the correction that happened at the beginning of the year? Not many people, which will be the case for this current correction in a year's time.