4 ms·
Despite what EMT fundamentalists will tell you, the stock market is only loosely correlated with fundamentals and 100 pts is nothing. Besides, there's no reason
by prewett 3y ago
Despite what EMT fundamentalists will tell you, the stock market is only loosely correlated with fundamentals and 100 pts is nothing. Besides, there's no reason a company's profit _must_ decline during a downturn: for example, if they perfectly predict the downturn and reduce expenses (like laying people off) just before it hits.