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 markets? If this

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 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 will

U of Cal scientists question efficient market hypothesis

2002-12-05 Thread Alypius Skinner
http://www.newscientist.com/news/news.jsp?id=ns3124 Statistical physics predicts stock market gloom 11:5902December02 NewScientist.com news service A statistical physics model is predicting that the US stock

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

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 originally called