Google has surpassed the $1000 level and is trying to consolidate an amazing $1010 position. But is this a real sign of health, or more the consequence of the weakness of the dollar ? Strangely, by comparing the price of gold, respectively oil today and one year ago, when Apple has topped at $700, it would seem that Google is much better position than the “bitten fruit” company.
The market may fluctuate a lot and the share value of today might be just an exceptional one. Given past history, I think the share will remain some time above the mythical $1K bar then it will go under. Stock markets simply don’t like strong companies. Still, with today’s momentum, Google may plan some fine investments around the date of its quarterly results’ announcement.