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Discussion: Did you expect logic in financial markets?

in: jennycas; jennycas > 2018-06-30

Jun 30, 2018 12:51 PM # 
blairtrewin:
Financial markets don't always behave logically.

My favourite bizarre-markets story is when someone pointed out that had you bought 1000 Euros worth of Commerzbank shares before the GFC, you'd have recovered a greater percentage of your investment if you had instead spent the 1000 Euros on beer (in Germany) and then claimed the deposits back on the bottles.
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Jul 1, 2018 8:35 PM # 
jennycas:
Actually, this particular outcome isn't illogical at all - makes sense for pharmaceutical chains to be scared of their online competitors. But it is ironic, because reportedly Walgreens was dragging their feet on a $700million acquisition deal and now by not buying PillPack, it's cost them far more (in virtual money, anyway) than if they had done so.

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