So far the week has stuck to the 2015 theme of volatility. One day up, next day down and then first-up-&-then-down day – up & down moves compacted in a six-and-half hour session. Let’s assess this week’s market action so far. The week started with much anticipated change of guard in Greece from the EU establishment-backed politicians…
Noted for your morning ruminations or procrastination – take your pick. The “Efficiency” of the Market Doesn’t Matter to Smart Investors The EMH is essentially a political construct that argues that discretionary intervention is useless because “the market” is smarter than everyone else. It is a political argument against discretionary intervention that was constructed to…
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