Stop the Market, I Want to Get OFF/ONN
It's often said that whatever a stock is selling for is the correct price because the current market reflects everything that is knowable. A quick glance at the previous two weeks of trading in the S&P 500 refutes that theory. The week ended Nov. 25 and the five days ended Dec. 2 couldn't be more different in their conclusions about what stocks are worth.SPY: Weeks ending Nov. 25and Dec. 2 Source: BigCharts View Chart »
The holiday-shortened Thanksgiving week saw a major decline, only to be followed by one of the biggest weekly advances in years. Which market was correct? Was it the doom-and-gloom forecast, or the following one that jumped by 7%?...325 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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