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GOOG Good for the Long Haul?

By Jim Cramer

 About this article:
 Google's getting killed on comments that Eric Schmidt made on my show and during an interview with Bloomberg in which he indicated that there is nothing new happening in ad spending and that it remains "eh." The decline is driving the Nasdaq down, which is then taking the rest of the market with it despite the desperate attempts of the S&P 500 futures buyers, who were totally taken by Europe and Asia, to keep things up and stem redemptions of hedge funds. Why this Google news is revelatory is beyond me. There was no jumping up and down for joy on ad spend in the last quarter, and I think the story is pretty consistently just OK. You have to understand that Google, similar to Apple , is a secular growth story caught up in some cyclical aspects right now. Just as I have no doubt that Apple...

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