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Financial stocks, which are sensitive to interest rates, also fell, in a sign that the Fed's half-point cut was already reflected in their prices.
Anthony B. Hatch, an independent railroad analyst in New York, said that after the sharp rise in share prices, much of the good news was already reflected in the stocks.
Because PeopleSoft announced on Feb. 11 that Justice Department staff attorneys were recommending that Mr. Pate block the deal, analysts said that expectation of the move was already reflected in the price of PeopleSoft's shares.
Many investors believe the Fed's QE tapering is a prelude to a tightening, however, the tightening cycle was already reflected in the steep yield curve and high 5y5y forward rateA similar peak was reached in 2007 (a rather ominous parallel).
It is hard to see how that scenario can be very bullish for equities either.Perhaps none of this would matter if the bad news was already reflected in share prices.
He said marketplace concern that Celebrex might be linked to a higher incidence of blood clots was already reflected in Pharmacia's share price, and he projected that earnings per share would grow 18percentt a year, on average, for five years.
Similar(48)
"The risk is already reflected in the price of coverage.
Her travels in Hartford are already reflected in her programming.
"The only problem is that it's already reflected in their share price," he said.
They're just saying that these many negatives are already reflected in the price.
The change is already reflected on the brand's consumer Web site.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com