Google down over 7% in the after market. Ouch!

Big dip on earnings after hours. Will probably drag the Nasdaq down a reasonable amount. Facebook is due to post their earnings soon so if Google got hit this bad, then there is a good chance Facebook will take a hit as well.

Could be a volatile next 24 to 48 hours heading into the weekend.

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Facebook already down 4% or so in the aftermarket now even before announcing earnings.