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The 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 relea
by slg 7y ago
The 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.