http://joeduck.com/2008/09/10/when-old-news-is-bad-news/ Have Blog. Will Travel. Sat, 11 Feb 2012 18:54:27 +0000 hourly 1 http://wordpress.com/ http://joeduck.com/2008/09/10/when-old-news-is-bad-news/#comment-78856 Thu, 11 Sep 2008 23:26:22 +0000 http://joeduck.wordpress.com/?p=2253#comment-78856 Wall Street has always been quick to react to news. Oft heard is the phrase: Buy on the rumor, sell on the news. Given that situation there is little time for fact checking. People place faith in computers and simply don’t notice in time that some story is stale-dated. Bank tellers no longer add or subtract, they punch a calculator. Clerks look at the ‘change due’ amount no matter how erroneous it might be. A bot digs up an out of date story and somehow re-circulates it? Well, he who hesitates so as to double check dates can lose alot of money… or make alot of money!

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