Google down 7% from its post-earning jump

I'm scratching my head here. Scanned the usual news sites and didn't see any big news involving Google today.

I know many people were waiting for a drop from the post-earnings jump before picking up shares. Some topics for discussion:

• Is this the right entry point or should we wait longer? (I got impatient and just picked up a few shares).

• What is your best bear case versus Google?

• How would you rank Google versus its peers Microsoft and Apple?