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Sure, because people decided the claims were credible.



I think you're putting a bit too much faith in due diligence for a market that is largely run by algorithms. There was some Google traffic for "GE fraud" right before market open and then search traffic spiked at 10:40am.[1] Now look at the trajectory of GE's share price this morning.[2]

[1] https://trends.google.com/trends/explore?date=now%201-d&geo=...

[2] https://www.google.com/search?q=GE&tbm=fin#scso=_RrNVXabVDev...


I'm really not. The price closed down quite a bit. It recovered only a little bit of its loss by the end of the day. Which means the algorithms that traded quickly are in agreement with the humans who traded slowly.




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