What%20Determines%20Stock-Market%20Prices%3F%20Here%u2019s%20a%20New%20Theory%20-%20WSJ: A%20new%20study%20shows%20how%20much%20the%20flows%20of%20money%20into%20and%20out%20of%20the%20stock%20market%20affect%20stock%20prices%u2014perhaps%20more%20than%20many%20investors%20realize.%0A%0ASpecifically%2C%20a%20dollar%20of%20cash%20from%20outside%20the%20stock%20market%20that%20is%20invested%20in%20equities%20will%20cause%20the%20combined%20market%20cap%20of%20all%20stocks%20to%20rise%20by%20about%20%245%2C%20while%20a%20dollar%20withdrawn%20from%20the%20market%20will%20have%20the%20opposite%20%u201Cmultiplier%20effect%2C%u201D%20the%20study%20says.%0A%0AThis%20doesn%u2019t%20mean%20that%20each%20individual%20stock%20will%20go%20up%20when%20new%20cash%20comes%20into%20the%20market.%20Some%20stocks%20and%20sectors%20will%20rise%20more%20than%20others.%20But%20overall%2C%20according%20to%20the%20study%2C%20investors%20as%20a%20group%20are%20reluctant%20to%20sell%20their%20equities%20when%20cash%20comes%20in%20from%20outside%20the%20market.%20Their%20price%20insensitivity%20can%20be%20understood%20intuitively%20by%20imagining%20a%20market%20in%20which%20there%20are%20just%20two%20investors%3A%20If%20the%20first%20wants%20to%20buy%20stocks%20with%20cash%20from%20outside%20the%20market%2C%20and%20the%20second%20wants%20to%20continue%20owning%20equities%2C%20prices%20have%20to%20go%20up%20a%20lot%20to%20convince%20the%20second%20to%20sell.%0A%0AThis%20multiplier%20effect%20doesn%u2019t%20exist%20when%20the%20cash%20used%20to%20buy%20a%20stock%20comes%20from%20inside%20the%20market%u2014from%20the%20proceeds%20of%20selling%20another%20stock%2C%20in%20other%20words.%20Any%20increase%20in%20market%20cap%20that%20comes%20from%20such%20a%20purchase%20will%20be%20offset%20by%20the%20decrease%20caused%20by%20the%20sale.
Бузову уличили в�примитивном плагиате мирового бренда | Новости | Пятый канал https://www.5-tv.ru/news/204006/