Replies to post #4949 on Dendreon Corp fka DNDNQ

[iwfal]

The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

The efficient market theorists - even the most famous - essentially have as their evidence:

1) The distribution is gaussian

and/or

2) *I* don't know how to predict it so it must be unpredictable

Therefore it is unpredictable.

The conclusion does not follow from the observables.