This was obvious over 10 years ago. It was evident that places like Wall street Journal and news wire sites were merely narrating the cause for a gain or loss in share price, and one could just as easily narrate the share price going the opposite direction. Also, earnings estimates are estimated by WHO? The same people who make the estimates are the same people who help narrate the move in price.
If you thought stock market was free market, organic movement in price, based on quantifiable measures on fundamental profitability and sustainability of a company then you are dreaming.
This was obvious over 10 years ago. It was evident that places like Wall street Journal and news wire sites were merely narrating the cause for a gain or loss in share price, and one could just as easily narrate the share price going the opposite direction. Also, earnings estimates are estimated by WHO? The same people who make the estimates are the same people who help narrate the move in price.
If you thought stock market was free market, organic movement in price, based on quantifiable measures on fundamental profitability and sustainability of a company then you are dreaming.