The Impact of the Media on Stocks
Posted on June 25th, 2009 in Stock Trading | No Comments »
Larry MacDonald submits:
A number of studies in peer-reviewed journals have looked at the impact of the media on stock markets. The most recent finds that a portfolio of stocks with no media coverage outperforms a portfolio of stocks with high media coverage by 3% annually (after adjusting for market, size, book-to-market, momentum, and liquidity).
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