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<p>[QUOTE=&quot;medoraman, post: 1313777, member: 26302&quot;]I agree everyone is &quot;bubble crazy&quot;. I was not referring to bubbles at all. I am referring to simple human nature and how good news in one sector will raise prices in unrelated sectors, and vice versa. Technical trading and improved prospects of firms are fairly efficient, but the human emotion behind many market moves is not efficient, but psychologically based.</p><p><br /></p><p>That was the basis of my comment. Long term I believe markets are efficient, but not short term. Too many people only make investment decisions based on last week, last month, though, so to someone with a short time horizon markets seem VERY inefficient. If someone takes a 10 or 20 year outlook, I agree markets are much more efficient. But, you know as well as I that most investors choose their investments based on what has happened the last month or 6 months. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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