“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
19 December 2011
SP 500 and NDX Futures Daily Charts
The futures have now rolled to the front month of March.
Thin volumes today and they will get thinner as the week progresses.
Keep one eye on Europe. And be careful in 'shorting a dull market.'