Too Rig To Fail?
- Joshua M Brown
- May 28th, 2010
For a minute there, BP shares looked as though the blown gasket in the Gulf would be a non-event. Shareholders had plenty of time to sell but apparently many of them chose not to...at first.
Maoxian has a great chart up illustrating the delayed reaction, seen below:
In this day and age of breaking news being discounted into a stock price in nanoseconds, the BP thing is an anomaly. I suppose there wasn't enough information out there as far as how bad things could get.
Source:
Slow To Discount Disaster (Maoxian)
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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