What Does the Market Know?
IMO... this quote sums it up best:
"Even in the best of times, when investors are driven by fundamentals rather than psychology, markets show what the participants think value is, rather than what value really is."
IMO... this quote sums it up best:
"Even in the best of times, when investors are driven by fundamentals rather than psychology, markets show what the participants think value is, rather than what value really is."