Michael Stipe of R.E.M. performs on stage in Riga REUTERS/Ints Kalnins (LATVIA)

Michael Stipe of R.E.M. performs on stage in Riga REUTERS/Ints Kalnins (LATVIA)

Just 48 hours ago we pointed out how Warner Music Group shares had dropped some 11 percent as investors panicked over the extent of the downturn in the business’s fundamentals which were worse-than-expected in the all important Holiday quarter and┬ámanagement gave a gloomy prognosis. ┬áBut this is big finance where focusing on fundamentals is for suckers…things turn around pretty quickly and Warner Music is back up.