Forget about EMH, or the efficient market hypothesis. What we need is SMH: the simian market hypothesis., market prices of assets like stocks and bonds reflect all available information. Under the SMH, market prices reflect whatever.
Forget about EMH, or the efficient market hypothesis. What we need is SMH: the simian market hypothesis., market prices of assets like stocks and bonds reflect all available information. Under the SMH, market prices reflect whatever125,000 fine for naked shorting. 3 years worth. See it’s happening, hedgies cheat the system cause fines don’t hurt. So don’t think for a second we are wrong about amc Ape or GME.
Too many big words in WSJ for me. I’m guessing the article doesn’t touch on volatility halts on moves 5%, broker misconduct; misinformation re: AMC issuance, APE not distributed, PCO status, cash en lieu, the option chain snafu… all caused by a highly liquid stock per ortex
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