You're simultaneously misrepresenting jeb's statement and the efficient market hypothesis[1]. It's more like saying "markets aren't always right, but they're u

You're simultaneously misrepresenting jeb's statement and the efficient market hypothesis[1]. It's more like saying "markets aren't always right, but they're useful, otherwise they wouldn't exist". The efficient market hypothesis says "the market may be wrong sometimes, but you can't consistently tell when". [1] http://en.wikipedia.org/wiki/Efficient-market_hypothesis http://en.wikipedia.org/wiki/Efficient-market_hypothesis