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Roughly $7 billion in value disappeared from GE's market cap today. People are certainly going to investigate this more and the stock will move in one directio
by slg 7y ago
Roughly $7 billion in value disappeared from GE's market cap today. People are certainly going to investigate this more and the stock will move in one direction or another depending on the validity of the report, but regardless of the ultimate outcome significant capital was moved around today which presented an opportunity to make a lot of money.
- darawk 7y agoOf course - but it moved precisely because people with money decided the claims were credible.
- slg 7y agoThe market moved too quickly for the parties acting to have had time to actually digest the merits of the report. The market moved because the people who released the report had credibility.
- darawk 7y agoIt's possible that that was part of it. But the market closed with GE's price barely recovering. Which means people who analyzed it more slowly agreed with the initial movement. Which means there is no evidence for the view that the initial movement was spurious or unvetted.
- objektif 7y agoIt can also move by algos that listens to news coverage and they dont do much dd.