“How are all you folks who assured everyone that Google and search are recession proof feeling? Are you backing up the truck? Or are you beginning to think we might have a point?
“We’re as wild about Google’s long-term opportunity as you are. But we think the $200 point plunge over the past month illustrates that the market is finally recognizing that Google is, in fact, a participant in the world economy.”
Blodget posted when the stock was around its low point, down more than 10 percent, but it closed the day down 6 percent — a $35.73 drop to $548.62.