bullnotbull.com — After recent events, it is harder than ever to take the "efficient market" hypothesis seriously, if you ever believed it at all. The serial inflation and subsequent busts of stock bubbles around the world and throughout history have shown us that markets are neither rational nor efficient.
Mar 28, 2009 View in Crawl 4
Closed AccountMar 28, 2009Submitter
Michael great article!
torrontoMar 28, 2009
rational? lol, I also studied finance and that was a premise we had to accept. definitely not applicable to the real world. stocks are subject to fear and greed, how rational is that?