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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (38309)	8/10/2005 11:05:32 AM
From: Wyätt Gwyön	Respond to of 110194

as i said, you did not understand my original post. here i will spell it out for you in baby steps: obviously anybody who is an active trader does not believe in EMH. obviously Heinz is an active trader (as opposed to a passive indexer). therefore, Heinz does not believe in EMH. however, Heinz wrote a sentence which sounds like EMH (he wrote, "everything that's known 'right now' is already factored into price", which sounds quite a lot like the definition of EMH found on wikipedia: "prices already reflect all known information and are therefore accurate"). at a certain juncture in space-time, i remarked that Heinz' quote was EMH. i then mused about other junctures in space-time and noted that they also consist of "right now" moments, in fact an infinite string of them which we can never escape. thus we can never escape EMH. which line of thought neither i nor anybody else active in the markets believes. therefore i described it as a certain tonnage of white-fleshed fish, which means i was making a funny, a/k/a joke. off the cuff, as it were. btw, "off the cuff" means i didn't put a lot of thought or meaning into it, so you don't need to take it super-seriously. so, running to Teacher to find out what he really thinks about EMH (which is already obvious from his status as a trader) has fark-all to do with what i wrote. forgive me now if i fail to reply to your next rant.