Re: MSFT Bear

arthur wrote:

If efficient markets do not exist then markets must be random

I don't agree with this statement. Seems to me markets are neither
efficient nor random, because people are neither efficient nor random.
I believe that the markets are the realm of social psychology. In the
end I think history will count technical traders as the first practical
sociological statisticians.

I also don't believe there's only one specific way to win in the
market, I think there's only one way for each individual, but that way
is different from person to person, so the "this is the only method
that works" thinking sounds absurd to me, like religious fanaticism or
something, the realm of the ignorant.

-Luke

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