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Comment by rogerchucker | Hacker News Reader

Why the fuck doesn't Wall Street like this? GOOG's been going down since the presentation started.

This happens to Apple too. It's the way the market works. It's based on speculation. Rumours are usually much more exciting than what's actually announced, people buy based on the rumours, and when the actual products are announced (even when they are good) they fail to meet crazy expectations and the market corrects - people sell.

But does that Apple analogy apply here? Apple's rumors are at a crazier scale than Google's and Chromecast in particular was barely a whisper on the street, especially with more reports pointing to Nexus 7 in the days leading up to this event.

True, I'm sure it still probably applies just to a lesser extent. I just checked and it looks like after the fall it's started to rise again. Edit: Looked again and the fall/rise is pretty much mirroring the Dow and NASDAQ today.

So basically no expectation and hence no effect.

It's down 0.13%. Look at any other day at random to see that that's hardly a meaningful fluctuation.

Further, trying to attribute stock price movements to actual real world events is usually an extremely dubious affair.

Wall street doesn't really care about new products.

Wall street likes nice figures. All the figures released during the presentation weren't exactly new.

I was thinking maybe as an investor I'd see this move as an example of "potentially" good execution and a possibility of Google playing well with media giants.

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