It's amazing how many crappy stories you find these days on the EMH. Guys, go and read
Efficient market hypothesis and forecasting, Allan Timmermann, Clive W.J. Granger, International Journal of Forecasting 20 (2004) 15--27and help Clive Granger stop spinning like a freaking pulsar in his grave.
Mahalanobis - am 2009-06-29 19:32 - Rubrik: Finance