So what's up with that, a hundred year move is occuring a couple of times every two week these days. I mean given the current volatility, we can pretty much throw most of EMH out of the window. It ought to be understood that moves like this certainly violate any sense of Normal density distribution of returns.
Lets face it EMH is a crappy, oops, sorry lets use other words here... mhmm, incomplete model of financial markets. Maybe we should give a chance to FMH, AMH, or George Soros' Reflexivity Theory!!
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