Tuesday, December 19, 2017

Efficient Markets

      As a professor, I tend to be quite wedded to the idea of efficient markets that has played such a large role in academic research.  But every so often something comes along to remind that assets do get mispriced.  Below is one of the funniest examples.

U.S. regulators temporarily suspended trading in Crypto Co. over concerns that the stock is being manipulated after it surged more than 2,700 percent this month, making paper billionaires out of top executives. Crypto is the product of a reverse merger with a company that made water and radio-wave resistant sports bra pockets, according to a November filing. Last week it issued stock to accredited investors at $7, a 97 percent discount to the prior day’s closing price.

3 comments:

Daan Sophia said...

FINANCIAL BREAKTHROUGH

Life indeed is GRACE, I'am Daan Sophia currently in California USA. I would like to share my experience with you guys on how I got a loan of $185,000.00 USD to clear my bank draft and start up a new business. It all started when i lost my home and belongings due to the bank draft I took to offset some bills and some personal needs. I became so desperate and began to seek for funds at all means. Luckily for me I heard a colleague of mine talking about this company, I got interested although i was scared of being scammed, I was compelled by my situation and had no choice than to seek advise from my friend regarding this very company and was given their contact number, getting intouch with them really made me skeptical due to my past experience with online lenders, little did i know this very Company "PROGRESSIVE LOAN INC. was a godsent to me and my family and the entire Internet World, this company has been of great help to me and some of my colleague and today am a proud owner of well organized business and responsibilities are well handled all thanks to Josef Lewis of (progresiveloan@yahoo.com).. So if really you are genuinely in need of a loan either to expand or start up your own business or in any form of financial difficulty, i advise you give Mr Josef Lewis of Progressive loan the opportunity of financial upliftment in your life Email: progresiveloan@yahoo.com OR Call/Text +1(603) 786-7565 and not fall victim of online scam in the name of getting a loan. thanks


zahid Khan Jadoon said...

Very Informative and useful... Keep it up the great work. Economics

Reyan Loeffler said...

Very Informative and useful... Keep it up the great work. http://goodfridaymorning.com/