This note is a further commentary on a previous paper on the chaos theory of stock returns that derives from the alleged detection of persistence in time series data indicated by values of the Hurst exponent H that differs from the neutral value of H=0.5 implied by the efficient market...

The elegant simplicity of the Efficient Market Hypothesis (EMH) is its greatest weakness because human nature demands complicated answers to important questions and Chaos Theory readily fills that demand for complexity claiming that it reveals the hidden structure in stock prices. In this paper...