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Some people on the Wall Street did take it up a bit seriously perhaps going by the price movement today.
by hatred 13y ago
Some people on the Wall Street did take it up a bit seriously perhaps going by the price movement today.
- poopsintub 13y agoMy investment account seems to disagree too. The stock was down more than $1 before the market even opened based on that sham study by Princeton.
- jakewalker 13y agoWhy are you so sure that was the cause of the price decline?
- poopsintub 13y agoThe other big news was that Facebook was testing ads outside of their own platform. The possibility of taking on Google's Adwords and adding more than a few billion dollars in revenue should have increased the price?
- patmcc 13y agoYou're layering a lot of your believe about Facebook onto that assumption - maybe people saw that news and concluded Facebook would fail in external ads and lose a bunch of money, which decreased the stock price. It's hardly unambiguously good news (like record profits or something).
- Sssnake 13y agoIrony overload. What was wrong with that paper again? Correlation != causation?
- jaynos 13y agoPretty much every stock was down yesterday.
- nostromo 13y agoWait... didn't we just learn that correlation != causation? :)
- yid 13y agoApparently not all of us did :)
- frostmatthew 13y agohttp://xkcd.com/552/ http://xkcd.com/552/
- gfodor 13y agoS&P was down a lot too. Just one of an infinite number of reasons to not assume price action on a company can be traced back to a given news story.
- chronic25 13y agoNo, you're wrong. The article definitely caused price movements.
- richardwhiuk 13y agoIn the short term, stocks on Wall Street are essentially a random walk.