It’s time for our stock market to disappear!

Ok, maybe just refine alot of processes.  Apple Inc puts up their biggest quarter in the history of the company, and Wall Street rewards them with a slap across the face.  Used to The market reacted to proven performance.  Now it only cares about the guidance a company spits out.  Microsoft always provides optimistic guidance, therefore its stock stays steady on report day.  Apple divvies out the usual restrained guidance and the reaction is to punish them for being realistic.  Oh well, I guess this is why I own no stock.


UPDATE: It looks like in after hours trading AAPL is actually up…….cool!

Published in: on October 21, 2008 at 5:49 pm  Leave a Comment  
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