Are there any good arguments against the EMH? Over the years I’ve swatted away lots of arguments against the Efficient Markets 60 second binary option trading strategy 2014 calendar. Almost no economic model is precisely true. The question is whether it is useful.
I find the EMH useful, and anti-EMH models to be almost completely worthless. I’m still looking for the model that will tell me how to beat the stock market. Lots of academics in finance departments think you test the EMH by looking for market anomalies. Yet even if the EMH were completely true, there should be millions of anomalies out there—roughly one million for each 20 million data correlations that one examines. The way to test that is to see if other people have discovered actual market inefficiencies, i.