Quote:
Originally Posted by sa547
Sounds like the most blunt business article I ever read, and articles like that could bring down stock prices (methinks of the other day I read the following article at The Economist: http://www.economist.com/node/21525442 where they jokingly "reveal" the identities of their editors-in-chief). |
The problem is, traders and investors already knew what is happening beforehand and had dumped their stocks many days (or even months!) ago, so the reduction in stock prices is simply a "whistleblowing" effect to revalue and normalise P/E ratios.