“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
06 April 2017
Stocks and Precious Metals Charts - Non-Farm Payrolls Tomorrow
It appears that we will have to wait for the Payrolls report tomorrow to see which way these jokers wish to roll the markets.