Tuesday, August 9, 2011

The Good Kind of Volatility





4 comments:

  1. I am long see-saws and rubber bands.

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  2. It's good volatility only if it reflects unanticipated repricing to a newly-formed, reasonable, assessment of long-term future cash flow. I.e. new substantive facts affecting perceived long-term value.

    This was not that, IMHO.

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