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Which means that the smart people already figured it out and it was mostly priced into the stock already. Remember, the stock price is at least as smart as the
by Eliezer 16y ago
Which means that the smart people already figured it out and it was mostly priced into the stock already.
Remember, the stock price is at least as smart as the smartest investors trading it.
In all seriousness, and meaning this not at all as an insult, I recommend never investing in anything stock-market-related except index funds until it stops seeming intuitive to you that the stock ought to jump on the same day that news like this is publicly summarized and announced.
- deleted 16y ago[deleted]
- loewenskind 16y agoYou have a pretty different view on the stock market than I do. The only "smart" people I see involved in the whole thing, as far as I can tell, are the ones writing algorithms that try to guess what the crowd is going to do (usually by looking at what they've previously done). (disclaimer: I work in the financial industry)