" which is why we have buyers who think it is under valued and sellers who think it is over valued."
Exactly, and the current price is the consensus of all buyers and sellers at any point in time.
A new price needs new information
Thats basic
This experiment has been done numerous times.
Grab 1000 traders, ask them what they think XJO will be at the end of the year.
The average is always today's price. Always.
20/2 Indices, page-318
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,203.7 | 8,225.5 | 8,203.7 |
| XJO (ASX) Chart |