BTW, here's CNET's tech at the whole Wall St Vs SiliValley:
http://news.cnet.com/8301-33617_3-57...is-from-venus/
Quote:
People seem to forget that the stock market, like any market, is made up of people. Their emotional whims result in fluctuations that some will consider rational and others will consider insane. What, you don't think Wall Street finds some of our valuations for startups utterly insane? This is why I adhere to the school of technical analysis when it comes to investing in the stock market.
Perhaps Apple, Facebook, and the tech community's roller coaster ride on Wall Street will result in more tech companies staying private instead of heading toward an eventual IPO. Mark Zuckerberg didn't want to have a Facebook IPO for these very reasons, and other companies are finding ways to delay an IPO.
What all the humbug about Apple's earnings tells me though is that Silicon Valley and Wall Street simply aren't on the same page. In fact, they aren't on the same planet. Wall Street is from Mars, Silicon Valley is from Venus.
Here's how I see it: all markets, big or small, are predictably irrational, because they are simply collections of irrational human beings. None of us is innocent or immune. Remember that before investing on Wall Street OR in a startup.
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Note that DELL is looking to go private and Microsoft is chipping in to help it happen:
http://news.cnet.com/8301-10805_3-57...l-buyout-cnbc/