What does adaptive market HYPOTHESIS have to do with your point that the markets are random?
Again, you are elevating something to what it isn't. Lo offered no evidence that would lead one to use it as a working basis for analysing the markets, and nothing to prove randomness.
Huh? it has nothing to do with my premise. The question was has the random market theory been disproven and I offered an alternative to it which is said to have disproved it. SO have ideas like stocks tend to climb for 6 months after the earnings have been upwardly revised--- the Price Drivers Single Stock Model takes this factor into account. surf
surf