Archive for February 8th, 2008

Daily Archive
Friday, February 8th, 2008

Equities – is the bad news priced in?

By Neels van Schaik
One thing that remains true is that financial markets are incredibly efficient at discounting investor expectations. This essentially means that asset prices move in advance of information that “Joe Soap” gets to hears about. It is a point well illustrated in the attached graph, which compares the year-on-year change in the S&P500 […]

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