Don't look now, but Google has lost nearly 40% of its value, yet things are so crazy elsewhere that few are talking about it.

In November 2007 Google was trading above 720 per share. On 3-12-08, the stock closed at 440.18. That's close to a 40% loss of value.

In fact, Google is now trading at an almost mundane 33 times earnings, which suggests that few are willing to pay the usually insane premiums formerly associated with the stock's valuation.

So what's the problem? What else could it be? Google's main money maker, sponsored search revenue is down, due to, you guessed it, the slowing economy.

And while that's not a surprise, what is surprising is the fact that Google continues to diversify its revenue base away from its traditional business model.

So what's the latest growth division at the company? Try government contracting for satellite imaging from Google Earth.

Yet, the scope of the business is so far quite small, with government data reporting that Google's share of the government's largesse for market based intelligence was less than $130,000 in 2007.

That suggests that Google better look around for some more revenue generating opportunities, especially if the economy continues to contract.

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Doctor Joe Duarte's Market I.Q., offers subscribers a unique blend of intelligence, market commentary and trading strategy. Duarte's daily articles, and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Doctor Duarte is a writer, and an emerging futurist, with a diverse background, and a growing audience. His combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.

He is the author of four books: "Futures And Options For Dummies," "Successful Energy Sector Investing," "Successful Biotech Investing" and co-author of "After-Hours Trading Made Easy."

In early 2001 Dr. Duarte in "Successful Energy Sector Investing," correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States.

In 2003, also Dr. Duarte was among the first to widely publicize the long-term friendship between French President Jacques Chirac and Saddam Hussein.

He has also appeared as a weekly guest on Market Mavens Radio, has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.

One of CNBC's original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990.

His articles and commentary have been featured on CBS Marketwatch, Barron's, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines.

In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.