Volatility, cold and snow
January 23, 2008 9:33 pm RamblingsThe stock market took another big dump today and along with it, or led by it, apple (aapl) dove. It wasn’t just a small sell of, it was a jump right off the cliff. Shares where down over 10% (down over $16). Shareholders were selling the stock like they’d die if they held on to it. So strange after they posted their earnings, and they were up over 58% over the year earlier. However, the outlook for the current year is not so beautiful and that caused investors to get cold feet. The point of all of this…I lost money today. But that is the beauty of the stock market and capitalism in general. It can make you money, but at the same time it can lose it all for you too.
It has been freezing cold as of late. This past weekend, it was 30 degrees below zero with the wind chill factor. Ridiculous is what I say! The past few days it has been snowing and living in a large city, that creates problems. First, people freak out and it makes driving very difficult and long. My normal drive to work has essentially doubled, thanks to the weather.
