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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (2453)11/23/1999 1:19:00 PM
From: John Powell  Respond to of 5053
 
and the corollary is the most important aspect!



To: marcos who wrote (2453)11/23/1999 1:23:00 PM
From: SwampDogg  Read Replies (3) | Respond to of 5053
 
No, people that believe that the market is always right believe that all investors have access to the same information at the same time (ie there is no such thing as selective disclosure). They also often believe that investors react rationally to information received (lol)
The market would be right between material changes because the sum of the expectations of the future is considered to be rational.