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To: SmokingJoe

As far as stocks are concerned, the stock indexes rise or fall for the most part, according to the earnings of the firms that make up the indexes.


That is our perception but the reality is that it moves based on rumors, especially what the govt is going to do.

There is not much difference between stocks and lottery tickets.

Now, we all buy stocks because it is the only place to store our wealth, not many other options. But there are some.


60 posted on 07/06/2020 6:48:27 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple
That is our perception but the reality is that it moves based on rumors, especially what the govt is going to do.

Microsoft and Apple are not at a market cap of a massive $1.6 Trillion each because of rumors. They are priced very high because they delivered excellent Q1 results and are expected to deliver great Q2 earnings as well.

63 posted on 07/06/2020 6:57:29 PM PDT by SmokingJoe
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