Re: October [censored] thread
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I love how the market pushed and pushed and then the news of foreclosures doubled and the market just dropped dead.
If the market is efficient, shouldn't the news of the country's [censored]-up subprime and housing situation already being priced into the stock? Also, considering that Realty Trac Inc. released this foreclosure information, can't their family members and friends go short whatever stocks that were gaining 10%+ before the release? Yes, inside trading is illegal but one executive can just set up an email list of family members and friends and a few random people and spam everyone giving stock tips such as "if stocks are making a run after listening to Wal-Mart's forecast, Realty Trac will make sure to keep the market "efficient."
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Let me go ahead and say I was a lot more excited about my 10% gainers when i was +2% for my portfolio today than now, when I am -.8%.
James
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