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I've never understood this impulse to try and divine a market's reaction to news from a 1-day timespan. Especially for move like this, where the effects in corp
by paulsmith 17y ago
I've never understood this impulse to try and divine a market's reaction to news from a 1-day timespan. Especially for move like this, where the effects in corporate governance might not be seen for some time, wouldn't the better indicator of how well-received it is be the stock price after 3, 6, 12 months? Aren't these just big fund managers making snap judgments and moving sums around for the biggest bang?
- randombit 17y agoActually, more likely it's a few hundred different automated trading systems all playing off each other. If you're managing a pension fund, volatility is the last thing you're after.