A National Bureau of Economic working paper, using advancements in textual analysis, attempts to identify whether news moves stock prices. The paper is a response to the 1988 paper by Richard Roll that showed little relation between stock prices and news. The authors find that once news is correctly identified using advancements in textual analysis, there is considerably more evidence of a strong relationship between stock price changes and information.
Category: Think Tank
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.