Here is what Bloomberg says:
Here is how the Google stock did today:
After hours decline is over 5%.
As you can see from the first image, Reuters say cost surge under new CEO. How long has been he the CEO now? 10 days. He took over on April 4th. I am not sure if he spent all that in 10 days. May be he did. Whatever.
Today is Jan 31, 2011
Wall Street has a new issue to gamble over your money – Egypt. Over the next few weeks or months we will see on alternate days or may be alternate weeks, stocks will go up saying Egypt concern eased or something else outweighs Egypt concern or something like that. Then they will sell off saying Egypt concerns outweigh everything else. There probably wouldn’t be any change in Egypt situation while all these ups and downs are happening at Wall Street. I don’t know who is losing money over all these. Or may be it is the lazy media that either doesn’t understand what is going on or are plain lazy to the job of analyzing the situation at Wall Street.
Blame it on Egypt, boys.
Here is the first one I noticed.
Here we go, on Feb 3, 2011
Whoa, I didn’t think I would get another one that fast.
Today is September 23, 2010. Within the first two hours of trading the started down around 80. Then it went up and then down again. The news accompanying that were like this:
US Stocks down on job data.
US Stocks pare losses on strong existing home sales.
US Stocks down as European fears outweigh strong home sales.
If this is how the Wall Street make decisions there is doubt we want strong laws to curb the gambling. Whose money are they gambling with? I think a lot of it is your and my retirement funds. Then they fail and we pay using our current income.
There is no long term strategy, there is not even an understanding of current situation. It is all shoot from the hip or big boys club is playing with all of us poor bastards.
I don’t think anyone can claim this as Capitalism. This is just gambling and has nothing to do with Capitalism.
I just wanted to capture this for some reason.
Wall-street is a bunch of greedy bas***ds. How far this can go on? Look at all those stocks. Yesterday Google stock went down. Google beat analysts (morons) expectations pretty good. That is not good enough for these suckers. Last week I read that despite the fact that Comcast made good money, their stock went downhill too. The reason for that was Comcast is going to spend a good amount of money in HDTV. Is that good or bad?
What I am seeing now is that Wall-street expectation is to make money without spending anything at all. They should probably invest in government that just prints money. Aren’t these the same people who force companies to cut corners, not pay their employees decent salaries and send jobs overseas so that they can make money? Most executives will do anything to look good in the eyes of Wallstreet. I don’t know when people will realize that the root evil of these is the wall street.
Google probably will not be able to continue for long with “do no evil” policy as the founders no longer has the complete control or say in how the company should be run. Everyone remembers how wall street morons kicked out founders of other companies once they got control over the voting.
If you are a company that values innovation and decency, please do not go public and list on wall street!