Market craziness!

[moneymaker]

Ok so JP Morgan has a $4.4Billion dollar loss and their stock goes up 6%. Hewlett Packard has sound numbers, are paying a dividend, and because a competitor downgrades future profits their stock tanks 2% again. Is this market crazy or am I?

[sdduuuude]

The market can remain irrational longer than you can remain solvent.

[The-Shoveler]

Yep completely baffled,

As far as I can see, everything besides housing is slowing down fast right now, but it could be just me.

I feel like I am the only one who sees that the train bridge is out and no one seems to care.

[poorgradstudent]

Short term market moves have a lot of noise to them. For JP Morgan I’m guessing analysts were expecting things to be a lot worse than they were. The stock is still down ~20% from when the news broke about their rogue trader, so that stuff was probably already priced in. As for HP, that 2% drop is largely noise, but they are facing long term structural challenges, so I wouldn’t buy on that drop!

[Coronita]

HP sucks… that is all.

[Anonymous]

[quote=flu]HP sucks… that is all.[/quote]

That about sums it up.

As for JP Morgan, there’s (perceived) value in coming clean and reducing uncertainty.

[Author]

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