Friday, April 25, 2014

The Economy - The Stock Market

I think the stock market is dysfunctional. It's up one day, down the next. One day bad news is good news. Another day good news is bad news. One day higher earnings are good. The next day higher earnings are bad. What is up? I don't get it. For example, Amazon had a huge increase in sales this past quarter, but missed in profits so the stock gets hammered. It had huge earnings in a slow economy! That's bad news? Amazon made $505 million in profit rather than $525 million. Hey, it did not lose money (which it did for years)! I don't get it.

What do you think?