Blame Yahoo!
The market decline is soley on Yahoo’s shoulders. period. Let me explain…
Yahoo’s CFO stated that they are seeing weakness in their auto and finance ad demand. Now this is very indicative on a slowing economy, and many trigger happy hedge fund investors are thinking this. So instead of just taking Yahoo down, they are taking the market down too.
BUT… everyone already knows the slowdown is HERE. This is not a surprise. The housing data and commodity prices are telling (i mean yelling) this to us.
What the ‘mob’ fails to see here is that Yahoo’s Ad demand is Yahoo specific. I have been anti-yahoo stock since i started this blog, and I will continue to be until Yahoo changes philosophies.
Yahoo is a great internet company, but THEY ARE NOT USER CENTRIC. So the users are going elsewhere. There is far too much competition for Yahoo not to listen to its users, and their arrogance has yet to allow them to listen.
There user base is in decline, hence demand for their ad space will be lighter than before.
