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10/17/2008

Efficient Market Hypothesis

I am still amassing a mountain of symbols to buy; my problem earlier was too much cash, not enough trades. With this many possibilities, not enough cash isn't the problem; in fact, I'm going to have to reduce the size of each position.

I have four accounts, and the most dowdy of them is my IRA. It only permits equity purchases (no options). It has no margin (all trades are cash). Their commissions stink. And their web site is lousy.

In spite of all those disadvantages, here's living proof of the value of technical analysis; this is a little tool they keep on the site to see how you're doing for the year:

So much for the efficient market hypothesis!

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