Why I will never do well in the stock market

Full disclosure: I own a few shares of Apple, because I’m a Mac user, and I’m in the cult. But does that mean I have a clue? Absolutely not. Let’s be clear about this.

So today I’m skimming the headlines, and I notice that Apple stock is down more than two percent today. I checked, and there’s unusually high volume, too.

Why?

Because of rumors.

Of a possible delay.

In the introduction of a product no one has ever seen.

No one can even guess what it looks like.

And Apple doesn’t even admit it exists.

Millions of dollars are changing hands over unconfirmable reports of unknowable delays about unseeable objects.

Wow. I may be losing money, but that’s just so… cool. You can almost hear the sitar music.

The invisible hand may be holding a bottle of cough syrup.

posted by Bob Harris at 2:54 PM | link

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