Beyond "data" to spur knee-jerk reactions to buying/selling, what value are the daily numbers?
Is this really financial news anymore than a storm off the coast of FL sends the price of crude rocketing?
I am begininng to wonder if everything from real-estate to oil is just trumped up and overvalued fueled by speculation and fear to drive up the percieved value of anything for sale.
Just a thought?
2006-07-13 10:46:41 · 2 answers · asked by LovePinkPuffies 3 in Business & Finance ➔ Other - Business & Finance
Actually, you're not that far off. Intraday data is published in order for shareholders to better evaluate short-term trends on specific stocks. The indices are published daily to give the same short-term read on a broader scale, either in a specific industry or the market as a whole. And multi-day data is compiled from this intraday data to show the long term trends.
But hey, you did good. You figured out the basis of the world economy: percieved value. Get back to us when you figure out that in the real world: perception of truth is often more important than the truth itself.
2006-07-13 11:05:45 · answer #1 · answered by hogan.enterprises 5 · 0⤊ 0⤋
The purpose is clearly to provide information. I personally do not believe that most companies are overvalued at this time. I think many very good companies are UNDERVALUED and people are just too scared to invest.
2006-07-13 17:52:21 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋