3 ms·

If it's true it uproots a lot of conventional wisdom about trading and the ability to time the market.

• mquander 15y ago
  No, it doesn't. Relevant conclusions about markets in a theoretical sense all depend on (from the link) "current prices...[reflecting]...information available in past prices," which isn't even approximately true in the real world; current prices are driven by irrational actors with incomplete information.
  • gfodor 15y ago
    What you're saying here is not 'conventional wisdom.' Conventional wisdom (at least, fundamental analysis) is that the price on the market incorporates all information and that the market is by and large full of rational actors. So, timing the market is a fool's errand, since you can't get ahead of the present. I'm not saying I agree with this, I'm just saying that that's what you're taught in school. If there were a way to prove this indisputably incorrect then it would probably be an interesting result.
  • adas 15y ago
    ANUS FUCKER!