November 2, 2012
If you think they do, you would think that Hurricane Sandy, which forced the longest weather related closure of stock markets since 1888, would cause movement in the markets. You would think that markets reopening to promises of “spotty connectivity” might make investors skittish. You would think that a market running not off main power lines, but off generators, might cause investors to get out of the market. You would think all of these things if you believed events move markets.
And yet, in the days leading up to and after Hurricane Sandy, the DJIA barely budged. It actually rose a bit over the past five days, and opened higher the day trading resumed. Kind of makes you wonder about the alleged causality of exogenous events. Click here to read more.
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