Nance opened this issue on Jun 06, 2011 · 42 posts
JenX posted Thu, 09 June 2011 at 11:33 AM
blinks
The problem with the stock market is that if you make things sound plausible, anyone will take your advice as credible.
Simply put, the stock market is almost never a marker for how well a company is doing, only how high the public's confidence is in them. Now, public confidence CAN have an effect, but simply basing a company's future on their stock price is...well, it's simply foolish. SM's stock prices are nothing if not unpredictable. I've been watching their stock prices for well over 2 years (there's a great tool called UpDown.com, you don't have to pay any money, and it helps you learn how the stock market works, should you choose to learn), and it's been all over the place. There are ups, there are downs, usually not in correlation with any significant release, personnel change, or even stagnation. It's simply the way the market moves. One week, tech stock will be popular, another week, it will be commerce. People who say they can read the stock market (including brokers), are either trying to sell you something, or trying to instill unnecessary fear. At least, that's been my experience.
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