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Originally posted by baltassoc
I'm wondering this: where do they get the insider information? Companies aren't exactly opening their books to Senate pre-inspection. While it's a good conspiracy theory, it seems to ignore some practicalities. To inside trade, a senator would have to have access to private information about a company, would have to be able to correctly judge the impact of that information, and would have to either buy or sell on that information.
Or, it could be that 100 people is a small enough group to have a statistical aberration that is reenforced by the fact that Senators are on average a) pretty smart and b) have access to the best financial advisors in the world.
I'm not saying the article is wrong, I'm just a little sceptical.
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Or could it be that the 100 people who are about to approve a bill increasing military spending by $85 billion (just to take an obvious example) might have a reasonable assumption that defense contractors' stocks are going to go up when the news is made public?
