Discounted in/by market

Discounted in/by market

Unannounced information that is widely accepted or anticipated, and hence is already taken into account in the pricing of the security/ market (e.g., poor earnings).

Priced Out

In securities, describing a situation in which the market has already incorporated expected information into the price of a stock. That is, if a company's earnings are large for a particular quarter, it may leak the information so that the stock is priced out. That way, when the information is actually announced, it will not cause a sudden jump in price, which might suggest volatility. For this reason, the Federal Reserve issues statements indicating what policy changes it might make before it makes them, allowing the markets to price out the information. See also: Efficient markets theory.