Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by maaku on Tuesday April 19, 2016 @07:20PM
(#11531256)
That may have been your point, but it's not what you said. "Perfectly valued" means that the price is what it should be (for some definition of "should").
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by jhulla on Tuesday April 19, 2016 @07:38PM
(#11531342)
"Perfectly valued" to me means that at that moment, the price reflects the actions of everyone. It includes the actions of all buyers/sellers who choose to participate and not participate, the regulators, as well as the meddlers.
My point is a pedantic one referring to the OP using the word "overvalued". The market price is never over/under valued. It is merely the market price at that moment.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by true_religion on Tuesday April 19, 2016 @09:42PM
(#11531757)
Your definition of price and value, while correct to a certain standard, give no illustrative power nor does it lend itself to analysis or discussion.
As you said, it is merely tautological.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by denim_chicken on Tuesday April 19, 2016 @09:44PM
(#11531765)
Your point sucks.
Practically speaking, I personally don't believe the efficient market hypothesis due to the very obvious meddling by political actors, central banks, national treasuries, etc. Behavioral finance has also consistently demonstrated that humans do not react rationally in markets.