Re:Lumber Prices Slump
by iqkznnft on Monday June 06, 2022 @06:31AM
(#31638803)
Would you like to make explicit to us how you define EMH and his you think that this cycle contradicts it?
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It's pretty clear to me that when liquidity runs rampant, valuation doesn't matter, instead momentum and herding take over. How else do you justify a 400% increase in ARKK and a collapse that occurred inline with fiscal and monetary stimulus.