I had never seen a company go to a valuation of a trillion dollars, so I watched the progress of Apple on Fox Business. It was entertaining as it closed in, then went down, then back up - several times before it hit the magic number. For an article on how this valuation is computed, see the Wall Street Journal.
When it hit, I looked up to see how quickly it would go up after that. It was already down two points off the high, in something like a couple of seconds. This is the miracle of electronic trading. I hope these people who trade like that make lots of money, because for a human they seem to have taken all the fun out of it. Nobody gets to enjoy the moment anymore because trading is so fast, the moment is gone before you realize it was ever there.
No comments:
Post a Comment