Ok, if any of you are like me, you don't understand the stock market. I know I don't. I always thought that if a company does well and makes money, their stock goes up. Apparently that isn't so. I listen to the podcasts, DTNS (Daily Tech News Show), BTNS (British Tech News Show), Mac OS Ken and iMore the most. DRNS, BTNS and Mac OS Ken are daily. iMore is about once a week for Mac news. All were reporting Apple made a ton of money (as always) but that their stock went down. How does that work? Shouldn't Apple stock go up if they make a ton of money?
Alice
1. What is critical is how the company does in relation to how the big investors think it SHOULD do. When they're so dumb as to expect the impossible, the stock will go down despite the company doing well.
2. More than anything else, the market dislikes UNCERTAINTY.
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Posted by: Jim Saklad <jimdoc@icloud.com>
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