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In response to
"but, hyde! the stock market works off of logic! It's not random gambling! -- nm"
by
ty97
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over time, markets are generally at least OK at valuing companies. that it's freefalling is a good example of reasonable market equilibrium.....
Posted by
x (aka dmuck)
Jul 7 '10, 11:04
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in the short run though, the so-called wisdom of crowds is often more like a stampede of dumbass chickens with their heads cut off
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Responses:
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