"BEST COLUMNS OF THE DAY
Tune out bad advice
Last week's "mini-plunge" uncorked a flood of "bad advice," says Henry Blodget in Slate.com. Market sages everywhere urged investors to "pay close attention to what the market was doing and adjust their strategies accordingly." That's nonsense. "No one but Nostradamus" knows what stocks will do next, or where the market is heading. If you'll live or die on what stocks do in the next few months, "you shouldn't own stocks." If you're in it for the long haul, "what the market does in the next few months or years won't matter a bit."
"
Here is a headline:
"American Eagle Outfitters Reports Record EPS of $0.66 for Fourth Quarter 2006, a 40% Increase, and Record Annual EPS of $1.70, a 35% Increase"
What do you expect the stock to do?
Down 3.5% premarket
Edited by greenie, 07 March 2007 - 08:24 AM.