> Predicting the market has and will never be about "facts" - it will always be about predicting other people's behavior. It will be a combination of both, as

> Predicting the market has and will never be about "facts" - it will always be about predicting other people's behavior. It will be a combination of both, as different people will react differently to the same facts about a company and the market/economy. And there's no way to predict ahead of time when these new facts / information will appear (e.g., lawsuit against a company), and so fluctuations will occur 'randomly' over time: * https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street