Market screams yesterday on earnings from INTC.
Ticker Pre report price Current price
INTC 20.49 20.82
AA 14.15 14.13
JNJ 62.53 60.73
JPM 45.5 46.65
Do these look like massive moves to you people? The SPUZ move in their own world - the underlying equities are hardly impressive. I dont get it.
Anyone out there have an explanation??
JB
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Yes, I have an explanation.
ReplyDeleteThere are times in every field, in every life, even in nature where there is NO expalanation or we are simply not smart or wise enough to grasp what it is.
I realize this is a philisophical statement and not very helpful as to what the next trade or position should be, but my life's experience tells me that this is a truth that is worth adjusting to.
Do with it as you will.
fp
im not gonna do anything with it
ReplyDeleteI didn't expect you to really do anything with it except file it away for some time in the future when it may be more relevant to you and, also, perhaps, remember from whom you heard it.
ReplyDeleteI don't think I could have or would have written a statement like that at age 35, which is a statement similar in some ways to the fact that you can't really absorb the eternal truths and wisdom of Kohelet at that age.
fp