Re:Apple Reports Record Third Quarter Results
by forgetsusername on Tuesday July 21, 2015 @05:20PM
(#9925899)
>but even so it is amazing how detached stock brokerage is from investment and how close it is from gambling.
Funny, I reach the exact opposite conclusion: people were willing to pay a specific price for Apple dependent on the expectations of future earnings. Those earnings didn't meet expectations, therefore the market adjusted the price. Working as intended.
Funny, I reach the exact opposite conclusion: people were willing to pay a specific price for Apple dependent on the expectations of future earnings. Those earnings didn't meet expectations, therefore the market adjusted the price. Working as intended.