The question of the day seems to be, how low will Yahoo go when the US stock market opens later today. Even I,optimistic about Yahoo’s chances on its own, don’t expect it to rise. But maybe the latest blog spin from Yahoo, along with formal news of a deal with Google, will help slow the expected drop. More on that below. And by the way, how come no one’s talking about how Microsoft’s stock is likely to drop, too? The failure to do a deal potentially leaves two losers, not one.

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