6 ms·
> “The tweet caused a momentary pop in the stock price which was erased about 2 minutes after it popped. The market can be exceedingly good and correcting itsel
by clairity 8y ago
> “The tweet caused a momentary pop in the stock price which was erased about 2 minutes after it popped. The market can be exceedingly good and correcting itself.”
interesting, i look at that same 2 minutes and think “a little market distortion”, because in that time, some institutional investor(s) probably took advantage of some individual traders using their algorithmically-enhanced speed and information asymmetry (not taking sides here, as both should know the game they’re in).
an “exceedingly good” correction wouldn’t have been a blip at all, because the correction would have been happening simultaneous to the distortion.