Tracking Market Cycles for Global Investors and Traders

Monthly Archives: September 2010

Theory 144 and Disequilibrium Explain Market Price Action, EMH RIP

The idea that markets tend toward a state of equilibrium is a fundamental principle of the efficient-markets hypothesis (EMH). This hypothesis, based on an equilibrium driven world, has ruled academia and served as a primary driver of institutional investment decision making for decades. However, it remains a hypothesis because after decades of analysis it has…
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