About stock markets predictability

Hicham Benjelloun

Journal of Economics and Behavioral Studies, 2011, vol. 1, issue 1, 26-31

Abstract: We argue that the financial markets have a predetermined outcome. They behave deterministically but appear to follow random patterns. Stock prices have nothing to do with future expectations; they are a reflection of previous convictions coming from the confident investors. A financial crisis is the result of the lack of confidence that characterizes a market moments before the crisis. Stocks returns are perfectly correlated to each other and it is possible to obtain high gains consistently. Finally we provide a different way of assessing risk and suggest a method to sense future performances.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rnd:arjebs:v:1:y:2011:i:1:p:26-31

DOI: 10.22610/jebs.v1i1.218

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