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That comment is utter nonsense and shows ignorance of stock markets. "Asshole investors" aren't playing with the market, investors are reacting to information
by TDL 14y ago
That comment is utter nonsense and shows ignorance of stock markets. "Asshole investors" aren't playing with the market, investors are reacting to information that doesn't confirm their expectations, so they sell. Furthermore, stock prices fluctuate for a variety of reasons and it's ridiculous to ascribe malice to these price movements.
- angdis 14y agoOne doesn't need "malice" to be an asshole. I am just sick of the stock price driving too much of what happens in large companies. Obviously, stock-price fluctuations aren't rational nor do they have a particularly strong relationship with reality but they do impact the well-being of hard-working people who might get canned just because wall-street has whimsically "decided" to toggle their company's stocks for fun and profit.
- TDL 14y agoEmployees are not fired because of a plummeting stock prices. Falling prices are typically the by-product of the underlying business.