Anyone else see the irony in the self designated "supercommittee"? (See next post.)
Again Captain Renault comes to mind when speaking of the U.S. Congress; "I'm shocked, shocked that congress could not pass deficit reduction legislation"
Relatedly, students in my Investment Finance course will hopefully remember the EMH (Efficient Market Hypothesis). Now think about it, the S&P 500 dropped 2% Thursday on the news of the supercommittee's failed debt reduction effort. That would indicate the market anticipated a real outcome from the committee.
Maybe the market isn't so efficient!
Again Captain Renault comes to mind when speaking of the U.S. Congress; "I'm shocked, shocked that congress could not pass deficit reduction legislation"
Relatedly, students in my Investment Finance course will hopefully remember the EMH (Efficient Market Hypothesis). Now think about it, the S&P 500 dropped 2% Thursday on the news of the supercommittee's failed debt reduction effort. That would indicate the market anticipated a real outcome from the committee.
Maybe the market isn't so efficient!
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