Breathe Deep The Gathering Gloom: GOOG Down 3.5% In Early Trading

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Are we seeing further signs in the Internet world of a storm on the horizon? Early reports indicate that Google stock is down 3.55%, or about 20 points, at $564 per share.

According to Google's own SERP, the Nasdaq info that came up in a search for "goog" is delayed by 15 minutes. Whether or not 15 minutes is incredibly significant, when I started to write this post, reports where saying Google was down 2.6%. It's 9:04AM now, and apparently, 5 minutes has been enough for the company to lose an entire percentage point.

Microsoft is also reporting a pre-market loss of 1.9%, or $0.59 per share, which brings them to about $31 per share.

And just to make it a tri-fecta, Apple is also reporting significant losses, down $17.5 - no... $17.6 per share. This is yet another stock that fell further as I was checking on it. That's a whopping 11.3%.

Actually, the consensus seems to be that Microsoft, Google, and the bulk of Silicon Valley's business giants are all being affected by Apple's disappointing Q2 forecast, just released. Apple reportedly thinks that revenue will grow only 29% in Q2, down from Q1's 35% in revenue growth.

It's amazing that positive reports are bringing the world down this fast, just because they're not positive enough. I'm no stock analyst, or prophet of doom, but from the looks of these falling stocks, we could be watching lights fade from every room.