There is no “correct” market price. No security has a “fair value” or “fundamental value.” Rather, price emerges from a security’s characteristics interacting with the needs of the investors in the marketplace.
Totally agree. But then is sounds like we’re back to technical analysis and goodbye fundamentals.
There is no “correct” market price. No security has a “fair value” or “fundamental value.” Rather, price emerges from a security’s characteristics interacting with the needs of the investors in the marketplace.
Totally agree. But then is sounds like we’re back to technical analysis and goodbye fundamentals.