Monday, October 26, 2015

Pandora's Very Bad Day

If you were following the stock market on Friday you may have noticed one media stock in complete and total freefall...Pandora. They missed their projected earnings, were downgraded by experts, and as Tom Petty once said they were "Free Fallin". At the end of Friday, their stock had lost a third of its value.

But if you ask me (and nobody is), the reaction by Wall Street is nothing short of insane. Their projected earnings were $312 million. They came in at $311 million.

This is why I don't invest in the stock market.