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TeachMeFinance.com - explain Logical conditions historic definition...
Logical conditions -- or a logical market. Logical conditions
exist in a stock when the price advances in consequence of the
prosperity of the company which issued it, or such conditions
exist when the price declines in consequence of the lack of
prosperity of the company. Or, it may be that the price advances
or declines on unexpected developments in the affairs
of the company or on prospective conditions affecting the company.
A logical market exists when the market as a whole moves
(advances or declines) in accordance with general natural conditions.
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