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"Finally, the notion that the market is telling us
something?anything?ultimately rests on the erroneous assumption that
financial markets represent the collective wisdom of rational actors
processing information efficiently. There are plenty of cool-minded
forward-thinking investors in the markets. But there are also a lot
of lunatics, fools, sharks, widows and orphans, government actors
with ulterior motives, algorithmic traders, greedy speculators, and
whack jobs. The markets resemble the Star Wars bar scene more than
they do the economics faculty lounge at Princeton."
I about blew beverage all over the monitor when I read that last
line. ^_^
Ayn Rand, you are some kind of joke, right up there with Tom Cruise!
^^_^^
Full story at: http://www.slate.com/id/2219769/
Yuki
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