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stocks are a random walk, prices are forecasts of future...

  1. 278 Posts.
    lightbulb Created with Sketch. 21
    stocks are a random walk, prices are forecasts of future returns.. fill in the blanks, what I am saying is pretty simple, some happening last year has no effect on today and means nought. I'm sure if you ran price data through R or eviews, Gretl whatever your preferred program and you will find this to be correct.

    Yes, i am the clown


 
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