Why markets cannot be considered random.

One of the most widespread arguments justifying that financial markets can be considered random is the monkey example: if we assume there are an infinite number of monkeys, each one in front of a typewriter pressing keys at random for an infinite amount of time, surely it can be statistically affirmed that one of them will sooner or later type The Divine Comedy word-for-word. Switching back to S&P500, its history can be reproduced exactly by using one of the infinite random historical series generated by a Montecarlo engine and conducting an extraction of random returns. I’ll add that just because a monkey can perfectly replicate The Divine Comedy, doesn’t make The Divine Comedy an aggregate of random letters that created a masterpiece, it is the fruit of extraordinary genius and intellect. The trends of the S&P500 are equally unrepeatable and generated by a sequence of events that have determined its

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