Re: U of Cal scientists question efficient market hypothesis

2002-12-06 Thread Alypius Skinner
> > If prices really are going up for a period of time > > solely on expectation that someone else will always be willing to pay > > prices even more unjustified by business fundamentals than the price the > > previous buyer paid, then it would be possible to predict that the > > overbid stocks

Re: U of Cal scientists question efficient market hypothesis

2002-12-06 Thread Fred Foldvary
--- Alypius Skinner <[EMAIL PROTECTED]> wrote: > If prices really are going up for a period of time > solely on expectation that someone else will always be willing to pay > prices even more unjustified by business fundamentals than the price the > previous buyer paid, then it would be possible to

RE: U of Cal scientists question efficient market hypothesis

2002-12-06 Thread Grey Thomas
> > --- Alypius Skinner <[EMAIL PROTECTED]> wrote: > > > A statistical physics model is predicting that the > US stock market > > > recovery suggested by recent rises will only last until > spring next > year, > > > before tumbling yet further. > > > > Why would this contradict efficient ma

Re: U of Cal scientists question efficient market hypothesis

2002-12-05 Thread Alypius Skinner
> --- Alypius Skinner <[EMAIL PROTECTED]> wrote: > > A statistical physics model is predicting that the US stock market > > recovery suggested by recent rises will only last until spring next year, > > before tumbling yet further. > > Why would this contradict efficient markets? I original

Re: U of Cal scientists question efficient market hypothesis

2002-12-05 Thread Fred Foldvary
--- Alypius Skinner <[EMAIL PROTECTED]> wrote: > A statistical physics model is predicting that the US stock market > recovery suggested by recent rises will only last until spring next year, > before tumbling yet further. Why would this contradict efficient markets? The efficient-market p