Wall Street never fails to amaze me... Not because of its "Smarts" but because of its asinine dumbness. Today's news that Google... The "God" of the stock market posted a fourth quarter increase in profits of 17% seemed to me to be pretty impressive. Earnings were $4.43 a share... But guess what? The Armani suited, tasseled loafer wearing, MBA wielding analysts had been forecasting earnings of $4.44 a share. So Google missed it by one penny. Which in my book is pretty damn minuscule. But hey, I'm not a Wall Street Wiz. So, in after hours trading, Google is down nearly $45 a share. That's nearly 8% of it's value. And just the other day I was reading that the reason these clowns still get the multi-million dollar end-of-year bonuses, is because their employers don't want to lose their expertise. Yeah... The same guys who lost them billions in the sub-prime fiasco. If it was me, I couldn't wait to get rid of them!
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Damn right Baby!
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