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Livermore Active Issues Index for Friday, Mar 26th

March 26, 2010

One Comment leave one →
  1. March 27, 2010 10:18 am

    Hi David,

    Thank you for the blog, love reading it.

    I have a general methodological question. I noticed all your tests are frictionless, is there a reason for this? I realize presenting frictionless results has value, but so does presenting with friction, as many edges disappear or radically erode with friction. I’ll go further and say that a frictionless result does not even prove price anomaly in the academic sense (EMT definition of price anomaly). Interested to hear your take on why not present both results.

    Best –
    t.

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