Friday, August 28, 2015

A correction or a bubble that has burst?

I don't fully subscribe to the Efficients Market Hypothesis, but I do believe future movements in stock prices can't be predicted by extrapolating from the recent past.   Nonetheless I find the graph below of the Dow over the last month much more comforting than what that same graph looked like on Tuesday morning.  So I can stop being Chicken Little and turn my attention back to teaching and least for a while.

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