about news and hindsight explanations

Recently, the level of amusement has increased even more in search of explanations “the market falls / rises by …”. you can now turn to the classics and remember, what people come up with in hindsight.

below is a table from the classic work of Cutler, David, James Poterba, and Lawrence Summers (1989). What Moves Stock Prices? Pay attention to the very first event. Omeriga does not support the dollar!

Album: livejournal
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