"the time to buy is when there's blood in the streets" Baron Rothschild People are human, they over react to bad news, they inflate bubbles, etc, etc. It isn'

"the time to buy is when there's blood in the streets" Baron Rothschild People are human, they over react to bad news, they inflate bubbles, etc, etc. It isn't just hedge funds and professional investors you're up against, and even if you are, so? The average hedgefund bod will be thinking about the year end bonus, a stock that may bounce back in 18 months isnt of interest to them. And the higher ups don't want to end up bottom of the performance tables so they aren't going to keep it either. Then theres the fact that the efficient market hypothesis can only really deal with knowns. The depth of a recession is an open question, sure you can make an educated guess, but theres plenty of wiggle room to take a different view, or maybe I should say your differing view is a vote in setting the 'correct' price. And finally, I'm not entirely sure the efficient market hypothesis has even been proven, exhibit A) Long Blockchain https://www.bloomberg.com/news/articles/2017-12-21/crypto-craze-sees-long-island-iced-tea-rename-as-long-blockchain https://www.bloomberg.com/news/articles/2017-12-21/crypto-cr...