Quote:
Originally Posted by GregWeld
By the way -- My point was that does anyone really know or think they know why the market works the way it does... I certainly don't. One week you're clicking on all 8 -- the next week the market is going up and your stuff is all going nowhere... They report bad news on the TV and the market goes up - they report good news and the market goes down.
I've never been able to get it.
Let's just look at Microsoft the COMPANY -- they just kill it in profit - sales - money in the bank... and Microsoft the STOCK goes nowhere for 10 years. Go figure.
Another money losing company has a decent quarter and the stock puts on $10 a share. Go figure.
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This is basically in a nutshell...what drove me from the market in 2011. It just didn't make any sense, especially to an analytical person like myself.
The Steady Eddie dividend income investing approach is different though...as I have been shown.
The wife made her first purchase yesterday, I walked her through putting the order in on the phone. The company announces earnings today...should be interesting to watch her response.