>> Absolutely no such thing these days...
Yeah, there ARE no dumb stock market questions.
There are, however, some pretty dumb *answers* to stock market questions drifting around out there. :-)
Any stock is priced based on the expected future earnings. If a company has exposure (business) in other lands, those sales must be converted into dollars in order to price a stock.
The “value” of the earnings don’t change. (For example, an ounce of gold is still an ounce of gold. The number of dollars that it is worth will fluctuate—even though the physical “value” does not.) The exchange for the value does. If the euro tanks, it will take more euros to purchase the same value of goods and services priced in dollars. Therefore, the potential sales will drop.
If sales drop, revenues drop, and the forward looking value of the stock will drop.
Other things like unemployment, inventories, etc will all have an impact.
It can all be very complicated.
Personally, I buy shovels to bury my gold in holes around the property. The sad part is I forget where I bury it.
“There are, however, some pretty dumb *answers* to stock market questions drifting around out there. :-)”
You got that right...the “unexpected job report” might have something to do with a down market...