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Secret of Stock Markets, Revealed

Posted By Barry Ritholtz On October 7, 2009 @ 1:00 pm In Media | Comments Disabled

Jay Hancock of the Baltimore Sun pulls out the money quote from our commentary yesterday: Finally, the secret of stock markets, revealed [1]:

Barry Ritholtz has the answer [2] to the question that Nobelists, professors, economists and soothsayers have been asking for for 300 years. What drives the stock market?

“Such is the result of giving two million primates lots of money and keyboards and a belief they can make a living based on numbers and letters moving around — on a screen, in a futures pit, on an exchange floor, or even under a buttonwood tree.”

Thanks for the kind words, Jay!


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/10/secret-of-stock-markets-revealed/

URLs in this post:

[1] Finally, the secret of stock markets, revealed: http://weblogs.baltimoresun.com/business/hancock/blog/2009/10/finally_the_secret_of_stock_ma.html

[2] has the answer: http://www.ritholtz.com/blog/2009/10/what-does-the-economy-have-to-do-with-the-market/

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