And why futures curves have no forecasting abilities
I like this. The backwardation long trade is one that keep an eye out for.
The efficient market hypothesis falls short in too many occasions that's for sure
Yeah, the idea that markets made of irrational individuals behave rationally has never resonated with me.
But I guess the debate is whether market participants are rational or not.
Participants def not rational, options premia also very often mispricing the 16 delta wings however
I like this. The backwardation long trade is one that keep an eye out for.
The efficient market hypothesis falls short in too many occasions that's for sure
Yeah, the idea that markets made of irrational individuals behave rationally has never resonated with me.
But I guess the debate is whether market participants are rational or not.
Participants def not rational, options premia also very often mispricing the 16 delta wings however