Quote from: segeln on January 08, 2014, 06:28:16 PM

Quote from: arepo on January 08, 2014, 06:24:22 PM

i never said it doesn't affect prices. i said it doesn't "force in a downtrend".

That`s rabulistic or hair-splitting

it's actually a very important distinction.

what the bad news may have done was turn a natural market correction into a bit of panic-selling, that's all, but there's not even any way of knowing! there's no way to quantify the news' effect on price, and that causes a lot of problems in trying to anticipate it in any real way. the price doesn't respond to news in the binary way you imagined when you used the phrase "force in a downtrend" and that's exactly the point i was trying to make.

--arepo