> So, as I understand it: if the weak form EMH is invalid, all forms of > the EMH are invalid.
I put it this way, > So, if one falsifies the Weak form then necessarily follows that the Semi-Strong and Strong forms are also falsified. On Thu, Aug 22, 2019 at 10:37 AM Raul Miller <[email protected]> wrote: > > On Wed, Aug 21, 2019 at 7:44 PM Jose Mario Quintana > <[email protected]> wrote: > > I do not recall asserting that any particular form of the EMH holds. Do > > you? > > As you pointed out today: > > > Recall, the information related to the three forms is nested: > > > > Weak - Past Prices (and Volumes) < Semi-Strong - All public Information > > < Strong - All Public and Private Information > > So, as I understand it: if the weak form EMH is invalid, all forms of > the EMH are invalid. > > That said, you are correct: I do not recall you ever saying that you > believe that any form of the EMH is valid. > > Thanks, > > -- > Raul > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
