“The markets are not random. I don’t care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be.”
Jack D. Schwager
2 Comments on “Trading Quote of the Day – July 16, 2010”
Great qoute, love it.
markets can definitely be random, on days with light/no institutional order flow, markets are random for sure.