[rue]

The market isn’t related to the companies it ostensibly comprises at all.

Any changes are related to the expected value of the stock, not the company itself.

[moorhosj]

==Any changes are related to the expected value of the stock, not the company itself. ==

How are these different things? Company stock represents an equity percentage of the underlying company.

[rue]

It’s the share that’s being traded. It doesn’t matter whether it represents reality. All that matters is that the guess about whether it appreciates or depreciates is correct.