BGR,
For the market to have any degree of efficiency, there must be professionals that digest the available information and make judgments. On this thread less than 20 posts above you is Bill Fleckenstein posting to MB. MB at one time ran the largest mutual fund in this country. I talk every day on SI to Bill Meehan, the chief market strategist at Cantor Fitzgerald. Other luminaries such as James Cramer post to SI regularly. We are surrounded by professional traders, Wall Street insiders, people positioned highly in the business world, professors, etc. SI is not an environment catering to the average investor. The people that put forth the energy here to study the markets seem to believe that their study, research and energy is a worthwhile endeavor. The argument just doesn't fly here. Tell a full time trader that they can't beat the market is like telling them they have no career and no future.
I thought that people were being generous by responding to you that to an extent the market was efficient. And at certain times, it is more efficient than others. Many people here earn all or a great deal of their living from the markets and are not just going to say "OK, you're right, now what do I do instead for a living."
Are there other topics we might debate? |
