Dicing with the daytraders
Article Abstract:
One theory about financial markets is that information is already priced into stocks, so prices cannot accurately be predicted. Craig MacKinley and Andrew Lo have found some patterns in financial markets, and data for 1986 to 1996 found a more random pattern than data for 1962 to 1985. This was attributed to the impact of hedge funds. Trends from 1996 to 1998 included short-term overreactions. This could be due to daytraders investing in the market in increasing numbers. Daytraders may not be aware of the risks they run, according to Lo.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Consuming the future
Article Abstract:
The new Bluewater shopping centre in north-western Kent, England, will have a significant impact on the structure of retailing in the area. It will attract many people from towns and suburbs where there is already only a limited range of shops, and will thus serve to further reduce the attraction of local high streets. An analysis of the impact of large shopping centres in the US indicates that Bluewater will destroy the heart of local towns.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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