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Response to Omaha Steve (Original post)

Mon Jul 13, 2020, 08:38 PM

8. So much for the efficient market hypothesis....

Contagious, deadly virus is set lose in the country. Businesses, schools, etc. shutdown to contain the outbreak. Some states ignore expert advice and reopen too quickly. Humans, being human, have this arrogant idea they can control the natural world with only their minds!!!! As though SARS-CoV-2 really cares what they think or feel. They quickly become bored, ignore expert advice as well and revert to unsafe practices. Virus quickly flares again, states reimpose shutdowns and Republican governors look like complete morons..along with all those folks who became bored. And with all that widely available data, computer models and expert advice, Wall Street couldn't predict THAT!?

Oh...I forgot. This is the same market and market players who swore housing prices could never go down, only up, up, up!!! Ignoring the simple math of compounded price appreciation, where eventually no one can afford even a shack. Of course, the melt down ended that lunacy.

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