4 ms·
whenever you see a headline "X event wipes Y value" from a stock, its usually safe to assume that no, that isnt the reason it happened. Single events rarely con
by penjelly 4y ago
whenever you see a headline "X event wipes Y value" from a stock, its usually safe to assume that no, that isnt the reason it happened. Single events rarely control stock prices in my exp. There are always external pressures that matter more, but get ignored.
- AussieWog93 4y agoMy thought exactly. Sounded too similar to that time when Ronaldo rejected a bottle of Coke at a press event, and billions were wiped off Coca Cola's market cap. Turns out they'd released a negative financial report that day, and the fall in value had actually started before the press event.