Since retiring from wrenching I've been snooping around the stock market.
Got a fund set up for my grandaughter [Revocable Family Trust]

It really cracks me up to watch news/stock reports and then see a stock sink like the titanic the next morning or rocket to the moon.
Rambus [RMBS] fell $10 in one day over a lawsuit that didn't cost the company a dime.
They were suing somebody else and didn't win the lawsuit.

It really makes no sense that this happens. I think these 'drop and run' people are creating the wild swings and unstable conditions in the market.

People will dump stocks and run away at the slightest negative.
Think of Alcoa Aluminum [AA]; The company has been around forever yet one quarter of "less than expected earnings" and the stock is beat down to 1/2 of its 5 year average price. Yet people that dumped it and ran away at that news will lose out potential profits totally when the next quarterly earnings report comes out.
Do you really think alcoa is going belly up over a "less than expected earnings" in one quarter?

And consider the "expected earnings" are created by pundits and speculators that are not involved with the companies they name.
I'm just going to keep plugging away to find stable stocks, [if there is such a thing] and try to build enough of a base to have a few dividends to see me thru my old age. Maybe hamburger once a month instead of Alpo.

 

I think you just published our 1st information post about one of my things I follow daily..

And I feel your right about your post my friend...

Angelo ..who plays the commodity markets and does well.

PayDay Again click the image...

 

That's just the way the market works brotha unfortunately! You gotta think 10 steps ahead, this POOP is chess it ain't checkers. I do ForEx myself .