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factor model

Recovering from false news

July 17, 2009

Via Alea, a very interesting econometric study on the impact of false news on stock prices. In September 2008, an article on United Airlines' 2002 bankruptcy resurfaced and was distributed as if it were new information. The company's stock plummeted immediately, but bounced back and by the end of the day was off only 11% […]

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