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To: Chuzzlewit who wrote (24867)	6/27/1998 8:05:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 95453

Two forms of the efficient market hypothesis, both imperfect. I'm more partial to the strong form but pity that Cendant's shareholders were not privy to the inside information before the fall. Sunbeam also comes to mind. The uncertainty of markets is what makes the market; perceptions and quality of information vary for all participants. Joe Sixpack buys Compaq because he likes their computers. Ryan Wallstreet stays away because CPQ had a flat quarter(s)