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exactly, the market mooned on the same information after Jerome Powell's speech than the ongoing decline the day after
by vmception 4y ago
exactly, the market mooned on the same information after Jerome Powell's speech than the ongoing decline the day after
- esoterica 4y agoThat doesn't contradict the EMH at all. The EMH does not say that stocks never go up or down without news.
- vmception 4y agoIt contradicts whichever part you want it to But that was the biggest rally in a very long time, 3% on broad indices, only to erase all gains and continue lower Somebody created exit liquidity
- esoterica 4y agoAgain, doesn't contradict the EMH. Might want to reread a wikipedia article or two.
- vmception 4y agoYeah thats because its an unfalsifiable hypothesis, which undermines its credibility right out the gate Any theory or hypothesis that has zero criteria for being proven wrong is not science and has no place being repeated at all So you’re not wrong about it not contradicting, because nothing does since its a bullshit saying masquarading as a hypothesis, there’s just no point in leaning on it
- Apocryphon 4y agoThe market will stay irrational for longer!
- TuringNYC 4y agoWhich is OK as long as you arent leveraged and dont need the money in the near term.