Markets as Information Gathering Tools
Abstract
The academic literature, Wall Street commentary, and even daily news reporting reflect a belief that markets can anticipate events. The current movements in the stock market are interpreted as reflecting the likelihood that the Federal Reserve System will change interest rates. Futures markets are interpreted as reflecting the best estimates of things to come. Movements in individual stock prices are thought to anticipate earnings reports or the...
Paper Details
Title
Markets as Information Gathering Tools
Published Date
Jul 1, 2000
Journal
Volume
67
Issue
1
Pages
1 - 1
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