If there are no signals which people can use as evidence in their models predicting market direction, what are people buying or selling on? Why would anyone read a quarterly report or have an investment thesis if it’s just a perfectly efficient market of spherical cows on a random walk, and analysis is a fools game as no evidence of where a company might be headed could possibly exist? It’s a very postmodern way of looking at things, I suppose.

Anyway I was just curious if the person had any facts on which they were basing their assessment that they could share. Seems not, which is fine. Opinions are allowed too, but I was curious since they stated it so matter if factly.