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Indy Coug · 05-22-2008, 04:27 PM

IIRC (and it's been a few years now), if you believe in an efficient market, then arbitrage doesn't exist, or at least it is nearly impossible to correctly identify arbitrage opportunities and realize a gain on them.

05-22-2008, 04:27 PM	#7
Indy Coug Senior Member Join Date: Jan 2006 Location: Between Iraq and a hard place Posts: 7,569	IIRC (and it's been a few years now), if you believe in an efficient market, then arbitrage doesn't exist, or at least it is nearly impossible to correctly identify arbitrage opportunities and realize a gain on them.