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A comment on Apple Obliterates Q3 Earnings Estimates: Best Mac Sales Ever, Huge iPad Numbers. Parent comment

Re:Apple Obliterates Q3 Earnings Estimates: Best Mac Sales E... by Eliezer on Tuesday July 20, 2010 @11:39PM (#1534273)
Which means that the smart people already figured it out and it was mostly priced into the stock already.

Remember, the stock price is at least as smart as the smartest investors trading it.

In all seriousness, and meaning this not at all as an insult, I recommend never investing in anything stock-market-related except index funds until it stops seeming intuitive to you that the stock ought to jump on the same day that news like this is publicly summarized and announced.

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Re:Apple Obliterates Q3 Earnings Estimates: Best Mac Sales E... by loewenskind on Wednesday July 21, 2010 @09:33AM (#1535118)
You have a pretty different view on the stock market than I do. The only "smart" people I see involved in the whole thing, as far as I can tell, are the ones writing algorithms that try to guess what the crowd is going to do (usually by looking at what they've previously done).

(disclaimer: I work in the financial industry)

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