Quote from: segeln on January 08, 2014, 07:35:36 PM

Quote from: arepo on January 08, 2014, 06:41:41 PM

it's actually a very important distinction.
arepo

arepo, no offence meant, but for me it is still hair-splitting

then you're not understanding. there is not even an empirical way to show that bad news causes price to fall, or good news the opposite. the claim that news affects price in this way is indefensible. it's obvious that news affects price in some way, but it is unclear how.

basically, you're positing that you know how news affects price. we both can agree that news does affect price. this is a very, very important distinction.