3 ms·
I share your skepticism, but the EMH doesn't mean stocks would never move in price. After all, if it's election day, my analysis says FooCorp is worth $50 unde
by michaelt 2y ago
I share your skepticism, but the EMH doesn't mean stocks would never move in price.
After all, if it's election day, my analysis says FooCorp is worth $50 under a Biden administration and $100 under a Trump administration, and the candidates are neck-and-neck, that means the shares are worth $75. But tomorrow the shares will have either gained or lost $25.
- WorkerBee28474 2y agoYes, that is true. But as detailed recently in Going Infinite, Jane Street's losses around the 2016 election were because they didn't know outcome was worth the example $50 and which was $100.