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#19
September 9th 05, 05:46 PM
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Speculation is based on trends forecasting, not disasters.
Actually, that is totally wrong. Speculation right now is 1) How damaged are the oil rigs in the gulf, no one really knows yet 2) What is left of the infrustruction, no one really knows yet etc, etc, etc If you actually study markets you will find that specualation is ALWAYS there. Investors buy based on future values and speculate on anythig that can effect price. "Perfect Market Theory" has been debunked so many times over so many years I'm surprised anyone still holds with it. Hell, von Mises debunked it back in the 1920's. Certainly misunderstood huh? Cleary, you've misundestood it. I guess its been debunked just like evolution, right?  New theories come andgo all the time, it doesn't make existing ones wrong. A more detailed undestanding of the scientific method would make that more clear. -Robert, MBA 
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