21 comments on MMS Update
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Dave Cohen on September 8, 2005 - 6:28pm
Why in hell are Nymex sweet crude prices falling? Talk about the traders market out of touch with reality...
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GJ on September 8, 2005 - 8:05pm
How about the 'efficient market hypothesis'? It postulates that market prices reflect all the information available. If true, then we can roll the dice for tomorrow. Where I think the hypothesis fails is in pricing commodities and stocks months and years out. Crude oil futures are currently priced at $60.56 for December, 2011. I would expect that most of us at TOD think that's ridiculous.
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