Fiscal exertion

Some days I don’t know who’s more full of shit, marketing executives, or stock market analysts. I have a definite opinion, however, on which one I loathe more, and that would be the stock market analyst.

I admit, I’m not entirely educated on the subject. I don’t understand how a company can say “we predicted we’d make x amount of profit this quarter, and we actually made x+1,” and then the analyst says “well, I think you should have made x+2, despite what you told me,” and the next day the stock is in the toilet.

That’s subjective, however, and not a valid reason to necessarily think they’re full of it.

It’s when they say something like this:

“We believe Apple will take the opportunity to round out its Intel Mac portfolio 6 - 9 months ahead of plan with a new widescreen consumer notebook (likely called “MacBook”) and entry-level Mac mini, both of which will include a remote control and Front Row software.”

And then follow it up by saying:

“We will not attempt to guess what it is and let Steve surprise us.”

Stuff like that is what baffles me. I can’t say I’m entirely comfortable investing on such advice.

Get my broker on the line…

Referenced link:
http://www.appleinsider.com/article.php?id=1547