I won’t try to argue for particular opportunities here on OB. Suffice it to say that if markets price in a random mix of the assumption that things will stay the same and the assumption that trends will stay the same because participants don’t distinguish between those two statements incoherence exists and arbitrage is possible.
I won’t try to argue for particular opportunities here on OB. Suffice it to say that if markets price in a random mix of the assumption that things will stay the same and the assumption that trends will stay the same because participants don’t distinguish between those two statements incoherence exists and arbitrage is possible.