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Thursday, November 20, 2008

Financial Markets are not as bad as they seem. They are much worse.


Read this from our friend Jim Hamilton and then quake in your boots.

This is not good.

1 comment:

Andrew_Grodner said...

Something to think about: due to incomplete information and resulting herding in behavior, the market may not be quite as efficient as we would like it to be:
http://ahroslanharahap.blogspot.com/2008/11/herding-behaviour-vs-efficient-market.html