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I know US is the center of the world and all but if Aprils fools is culturally a western only thing, I would think it puts traders on other ends of the world at
by digitalneal 12y ago
I know US is the center of the world and all but if Aprils fools is culturally a western only thing, I would think it puts traders on other ends of the world at a disadvantage. "We" know it was a joke but those from other cultures trading in our markets would have to take that extra beat to think "is this a joke or not". Instant disadvantage.
- __m 12y agoif you read the press release it becomes clear that it is a joke, no matter the date or culture. If one can afford to gamble with money based on headlines or algorithms, one probably deserves to get burned.
- prodigal_erik 12y agoIf a company announces a stupid product in all earnestness, it's part of an investor's job to predict its failure in the market and decline to route more of society's resources to the company.