09-30-2013, 09:07 AM
(This post was last modified: 09-30-2013, 09:07 AM by hendi_alex.)
They visit this topic kind of regularly on Bloomberg. Recently one guest was discussing how about 70% of the market action comes from day traders and high frequency traders, and that they almost exclusively make their decisions based upon the headlines of the day or of the week. For 'investors' I think that your observation is correct. Such headline news has no effect on the value of a company and the fair value of its stock.
Alex