Update to “What Moves Stock Prices?”

Erik Kobayashi-Solomon

December 10, 2012

The 1988 academic paper entitled What Moves Stock Prices? offered a surprising finding. Namely, it showed that in the majority of cases in which the market moved by a measurable amount, there was absolutely no obvious causal connection to an event in the economy or society. This paper updates the findings from the earlier research through …

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