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Well, the market thought otherwise and market is always right. They just forgot that efficient market hypothesis is just that, a hypothesis. Real world markets
by zeusk 6y ago
Well, the market thought otherwise and market is always right.
They just forgot that efficient market hypothesis is just that, a hypothesis. Real world markets behave differently thanks to finite resources and secondary markets (essentially leveraged derivatives caused 2008 crash and I believe they'll cause another before regulators wake up from their sleep).