Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: shades who wrote (52904)	6/28/2006 3:33:01 PM
From: Moominoid	Read Replies (3) of 116555

There are lots of well know inefficiencies in the market that still persist. The Sell in May and Go Away phenomenon is one, that everyone knows about but it is still there. Why? And like that there are other inefficiencies to exploit. I don't really have an answer about why they haven't all been exploited to death. They just haven't. Maybe one day hedge funds will have enough capital and smarts to do it. But apparently they don't yet. Or the existence of an inefficiency of this sort causes traders to pile on and accentuate it? On the other hand no linear statistical model I have tried can predict anything useful about daily stock prices based on past daily stock prices alone. But there are other things that can be forecast with sufficient statistical significance to trade with the appropriate trading algorithm. Some people thought that the World was flat when it is so obviously round...

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