Dollars and Jens

The brothers Jens talk finance, economics, and the like.

Dollars and Jens

Friday, July 09, 2004

expectations

It was noted today that the market didn't much respond to reports of "a steady stream of intelligence indicating al-Qaida may seek to mount an attack aimed at disrupting elections". This, of course, is because everybody already knew that. The market price at 11:00 was set based on this concern; when the announcement came out shortly after that, the new market price also reflected it, in exactly the same way.

- posted by dWj @ 1:31 AM

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