Maserati wrote:
“Fair value” has no intrinsic meaning.
Markets up on news that a trade deal is in place, awaiting only Drumpf’s signature. I honestly thought they would wait until next week, closer to xmas, but who cares.
If he signs, that is one more of my critical events in the bag.
Sure it does, you paid too much. Now you can sell it to someone else (Detector Dude) at a higher price, then good for you. Perhaps Detector Dude can them sell to Sally.
Trade Deal has always been more of an algorithm event, buying or selling headlines. Probably as much motivation from the other side to crash the market to insure a Democratic victory than the other way around. To borrow a word from Bing in White Christmas “weirdsville.”