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Strategies & Market Trends : Calls and Puts for Income

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To: Jerome who wrote (3104)10/1/2008 1:47:02 PM
From: Gottfried  Read Replies (2) of 5891
 
beware of no-news days: "Nearly two decades ago, a classic economic study found that of the 50 largest single-day price movements since World War II, most happened on days when there was no significant news, and that news in general seemed to account for only about a third of the overall variance in stock returns. A recent study by some physicists found much the same thing — financial news lacked any clear link with the larger movements of stock values."[snip]

nytimes.com
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