NOW CUT THAT OUT
Google misses expectations, drops 7%.
Microsoft meets expectations (excluding the xbox 360 charge, which isn't news), drops 2%
Pink bunnies wear orange slippers, IBM down
Nuns and giraffes dance at midnight, Dow finishes up.
They're all insane.
July 19th, 2007 8:57pm
Why anybody puts any value in analysts earnings estimates is beyond me.
July 19th, 2007 9:01pm
the economy is slowly falling over. its like watching an iceberg melt.
July 19th, 2007 9:05pm
Yeah, flip, you really caught me out. Look at how I predicted that MS stock would fall.
Oh, wait...no I didn't.
In fact it's kinda funny that you reference a post where you cheer about the XBOX360, when it has been an economic disaster for Microsoft.
Good prediction, brilliant investor.
July 19th, 2007 9:34pm
You worthless piece of shit.
I wrote "So many words so little to say."
and somehow your tiny rodent brain took that to mean "predicted that MS stock would fall."
I meant you blathered a bunch of shit that said nothing of worth.
I guess you were right XBOX was an economic disaster.
Or XBOX returns were a blip and the franchise still has value. Hard to say maybe you're right and I'm rich, or maybe I'm right and I'm rich. LOL.
July 19th, 2007 10:08pm
Overall, my general point is that the stock market is SUCH a beauty contest and has no real grounding in reality. Part of that CEO compensation regulation would hopefully help fix this by shifting the market back to longer-term investment.
July 20th, 2007 7:29am
isn't that why CEOs don't want their income tied solely to stock price? who'd want to work in a place where one's salary is a random, uncontrollable walk.
July 20th, 2007 8:52am
"who'd want to work in a place where one's salary is a random, uncontrollable walk."
Every sales person that works on commission. Think about it - their income is based on the decisions other people make.
Part of the job of a CEO is to increase the value of the company (which, in a publicly traded company, is reflected in teh stock price). So their job performance is tied to it - a large chunk of executive compensation is already in stock.
The dysfunctional part is that it's dead easy to goose the stock market in the short term and cash out. It is NOT easy to run the company in a way that it will be valued higher in five years. But that's what we *really* want in the grand scheme - increase in value.
July 20th, 2007 8:56am
"But that's what we *really* want in the grand scheme - increase in value."
That's what *we* want, but investors and top executives often just want a quick buck at the expense of the company and the workers, which is making the rich people richer and the rest of us poorer. I wonder how many parallels to 1929 could be made about the current situation.
July 20th, 2007 9:22am
Yeah, see, that's another of those "unintended consequence" things.
See, everybody saw all this bad news, so they thought "Huh, bad news. I guess those stocks will drop in the short term, but they're great in the long term. So I'll go ahead and buy now while everybody else is selling."
Enough people do that, and "bad news" becomes pseudo-"good news", and timing the market becomes impossible. Which it was already, but you knew that.
July 20th, 2007 10:09am
good point. a CEO is a salesperson for shares.
July 20th, 2007 10:10am