Same thing over here in Europe. People are drawing their money out of suspicious banks (and there are many of them), and do not much appreciate the whole financial industry.
Look at Google tonight. Stock analysts had expected revenues of 4.83 BILLION and poor Google successed to rake in only 4.827 BILLION, only 51% more that the quarter before. IL GRANDO CATASTROFO!! The price dropped 10%.
Where did the analysts get their numbers? Were their numbers perhaps wrong? Are they allowed to be unproportionally too optimistic?
I think their predictions are given far too much attention.
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