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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (48171)2/21/1999 6:06:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 132070
 
BGR, I would definitely agree that if you see yourself as an average investor, you would be best served by indexing. Myself, I can't see the market as being an efficient mechanism. There are too many 52 week ranges of 8 to 80, with no significant changes in the information available.

Barb



To: BGR who wrote (48171)2/22/1999 1:32:00 AM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
You are not reporting the semi-strong or strong forms correctly. Both focus on valuation. That is what precludes the opportunity to profit consistently from public or private information, respectively.

The speed of price adjustment to news is cited only as supporting evidence; it is in no way central to either form.

mb


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