Yahoo beats expectations — market tanks
from the Does-the-stock-market-actually-make-any-sense dept
Yahoo beat earnings, but missed the totally irrational whisper prices. Yahoo is down significantly in morning trading, pulling the whole market down. The markets have gotten into an extremely dangerous situation where meeting or even beating expectations is no longer enough. This is not healthy, in the long-term.
Comments on “Yahoo beats expectations — market tanks”
Whisper
Who sets whisper prices anyhow? There’s way too much opportunity for corruption there.
I think I’ll create a “Mark’s price”, market it as the be-all and end-all of EPS metrics, and then make a killing intentionally under or over estimating and getting in early on the resultant action. Yeah, yeah, that’s the ticket.
MB
Re: Whisper
Well, Mark, show’s how closely you follow Techdirt (just kidding!!). We posted a story about where whisper numbers come from a few months back on Techdirt…