Summary
YOU never know what equity markets are thinking, which sometimes creates curious juxtapositions when good news is followed by falling markets or markets rally in the face of apparently bad news.
An example of this occurred on the day General Motors filed for bankruptcy when the US stock market rose by 2.5%.See the full content of this document
Extract
Why did markets defy GM collapse?
This was, on the face of it, either peculiar or an affront, given the hardship that was likely to result for the employees and suppliers of the ailing gia...
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