Can Google Inc. (GOOG) make up for the incredible blunder (or brilliant business move) of buying YouTube?  We will see once their earnings are announced this afternoon.  Certainly the stock price is anticipating great news, as GOOG is up over nine bucks at the close - after hours trading should be fast and furious as people comb through the numbers.  It seems that the Dow is closing above the 12K mark for the first time ever also.  Now that is out of the way - perhaps this artificial concern of a 12K barrier will be out of the news.  We can also celebrate the 19th anniversary of the October 19th, 1987 “crash” when the markets saw their greatest percentage fall in one day.

Google - 3rd quarter -> $2.62 vs $2.42 expected and revenue saw an increase of 13%

GOOG is up in the $440-$450 range in after hours trading.