Reviews Reports Archives Search Forums Links Software Contact by Wes George Apple, Finances, Money, and Trading. The market certainly is never wrong but it is often freaky and always full of suprising opportunities for profit. No amount of analysis can ever be anything more than nostalgic hindsight pasted over an uncertain future. Take last week for example. For months now there has been more action in my municipal bond portfolio.
Analysts are adepts at inventing rational explanations for price moves.
But usually price moves are more closely associated with the shifting gut feelings of investors than with any new fundamental change in the issue at hand. Apple is a perfect example of this. The company has been executing flawlessly for six quarters. It doesn't take Nostrodamus to predict which way the stock price is heading now. My own rational b.s.