http://www.midasoracle.org/2009/07/13/markets-are-collections-of-information-translated-through-trading-into-prices/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.midasoracle.org/2009/07/13/markets-are-collections-of-information-translated-through-trading-into-prices/#comment-24364 Jason Ruspini Thu, 16 Jul 2009 00:15:44 +0000 http://www.midasoracle.org/?p=15249#comment-24364 Yes, but it is disingenuous to suggest that speculators always trade against momentum or that prices always merely reflect fundamentals. Arguing against regulation without nuance and realism is counterproductive, and very hazardous to your short- and long-term credibility. The people who don't already agree with you will just laugh at this kind of "Unfrozen Caveman Lawyer routine." Yes, but it is disingenuous to suggest that speculators always trade against momentum or that prices always merely reflect fundamentals. Arguing against regulation without nuance and realism is counterproductive, and very hazardous to your short- and long-term credibility. The people who don’t already agree with you will just laugh at this kind of “Unfrozen Caveman Lawyer routine.”

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