On: Coinbase stock lost over 75% value

[vmception]

exactly, the market mooned on the same information after Jerome Powell's speech than the ongoing decline the day after

[esoterica → vmception]

That doesn't contradict the EMH at all. The EMH does not say that stocks never go up or down without news.

[vmception → esoterica]

It contradicts whichever part you want it to

But that was the biggest rally in a very long time, 3% on broad indices, only to erase all gains and continue lower

Somebody created exit liquidity

[esoterica → vmception]

Again, doesn't contradict the EMH. Might want to reread a wikipedia article or two.

[vmception → esoterica]

Yeah thats because its an unfalsifiable hypothesis, which undermines its credibility right out the gate

Any theory or hypothesis that has zero criteria for being proven wrong is not science and has no place being repeated at all

So you’re not wrong about it not contradicting, because nothing does since its a bullshit saying masquarading as a hypothesis, there’s just no point in leaning on it

[Apocryphon → vmception]

The market will stay irrational for longer!

[TuringNYC → Apocryphon]

Which is OK as long as you arent leveraged and dont need the money in the near term.