Rough week for bully.
Stocks need to find a footing right here, or continue heading lower, conceivably much lower, next week.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
Rough week for bully.
Stocks need to find a footing right here, or continue heading lower, conceivably much lower, next week.