This week, exactly two months after the vote for Brexit, I spent an hour on the property site Zoopla looking at the latest housing sale data available. Anyone can do this at the click of a button. Unlike the rise in stamp duty in April, which was well anticipated, the vote to leave the EU was not. And all markets react most strongly to the unanticipated.
Known information is already in prices, it is unknowns which become known which change prices.
Of course, if you actually asked Danny Dorling about the EMH he’d say it is nonsense. Because it’s neoliberal, you know.
But he does still believe in it.