If GROUP EXPECTATIONS were for a 10% drop in profits,,,,and the drop was only 5%....the stock market would probably respond positively to that stock.
I'm not wasting any more time on this,,,,if you can't understand the EXPECTATIONS game,,,,you should be on DU!! Have a nice day....:)
thank you. the issue is WHO sets the expectations and who gets taken to the wood shed when expectations are not met. in the world of the stock market, the company usually sets expectations and the market takes the company to the woodshed when expectations are not met. when companies are taken to the woodshed, sometimes those within the company that make predictions are fired.
the reason your analogy falls apart when applying it to the economy and economic predictions is that bush has no part in the predictions. yet, he gets taken to the woodshed by the media when expectations (that he did not agree to) are not met. the economists, who made the wrong predictions, should be fired, just like a company fires a manager who did not meet expectations that he bought into.
the argument is not about group expectations, it is about personal accountability!