3 ms·
Exceptional short-term phenomena like this do not disprove the idea that on long-term time scales the market is efficient. A regression to the mean will inevit
by CyberRabbi 6y ago
Exceptional short-term phenomena like this do not disprove the idea that on long-term time scales the market is efficient.
A regression to the mean will inevitably happen and that will further confirm the efficiency idea. Everyone will eventually have to sell.