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Finance professor blamed it on SPY??
I like what the professor said , who had a back ground as a derivatives broker ;
''random walkers never pick up a $20 bill, they 'know' that could not be real, because someone would have picked it up'' LOL
The problem with experts can be that if they have devoted their whole life to espousing one idea, They are not at all open to new ideas. They see them as a threat. When Robert Shiller started talking about behavioral economics, he was horribly shunned because everyone was modern portfolio theorist.
