Case in point. One of the largest companies's price is no longer responding to significant fundamental deterioration because of increasing ETF exposure and automatic bids.
Revenues have fallen 50%, earnings by over 70%, debts have more than doubled, yet the share price has actually gone up.
To the people here who still insist that indexing has no impact on market efficiency, you are really being blind and ignorant and will face your own folly at some point.
Submitted August 25, 2017 at 12:04PM by vegaseller http://ift.tt/2wMJhIq
