Here is an easy test to see how well you can read a graph.
Below is a graph of the stock price of Bank of America, which made a new 6 month high yesterday at $14.99.
Study the graph carefully, and then answer the question below:
Question: On what day did the DK Pied Piper of Doom say:
(you probably will start noticing it in the MSM soon, if not this morning), it appears that over the past 18 hours our country's largest bank, Bank of America, may have entered into the final stage(s) of a fairly swift implosion.You may only take one guess.
8 comments:
December 1st, which was close to the stock's low :)
bobby?
It was about a month ago. Probably near that dip around Dec. 13. As I recall, it stemmed from misreading a 1.8% drop for an 18% drop or something like that?
Around November 22nd?
Today?
12/1/10.
sparticus!
1 December 2010.
Answer me this: to what extent is the rise in BoA, along with the markets in general, due to the (much anticipated) extension of the Bush tax cuts?
)I'm a big subscriber to Shiller's views on markets, and agree with Justin Fox that rationality isn't a requirement.)
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