More Futures Market Comment
Question:
Who has proven the "Efficient Market Theory"?
Answer:
No one.
It's a theory. In fact, the financial markets over the last five years would lead us to believe that great externalities and inefficiencies can occur.
Markets may move towards efficiency but let's ask Enron and Worldcom investors if the financial markets reflected an accurate picture of those enterprises.
Sorry for getting a bit technical, but the blind acceptance of this unproven economic theory is a key issue.
Terrorism will be defeated without this absurd commercial activity.
1:38:46 PM
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