I’ve posted Entry #504 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Market Does Not Process New Information Quickly.
Juicy Excerpt: Emotional investors do not act in their self-interest and emotional investors do not act pursuant to the dictates of logic. What if an economic development takes place that for some reason investors do not want to process immediately? There could be a significant delay between the time when the economic development takes place and the time when it is reflected in the price of stocks.
feed twitter twitter facebook