RE:If Everyone Was So Confident Of Tomorrow's Rebuttal....Well applying your same logic, if everyone was pessimistic, wouldn’t the SP go down?
Usually uncertainty brings volatility, yes, but given the circumstances, the credibility of facts to this point, the severity of the allegations made, etc., and how nobody has a clue how this will play out, why would any put substantial capital in either position (long or short) today when there is so much uncertainty that if chosen incorrectly, these will be much more significant consequences if the wrong position is chosen than say the uncertainty behind an earnings release. This especially the case for the big fish out there, which as we all know is a considerable factor in dictating the SP.
and as you’ve mentioned before, I thought smart money was sticking on the sidelines today no? Wouldn’t your earlier statement contradict the one you just made? Not being critical or anything, just asking a legitimate question.