"My view is that any new model should be judged (as above) on how it explains the big picture. The question should be: Does the new model produce rejectable predictions that capture the menu of anomalies better than market efficiency?" (E. Fama) With respect to models of investor sentiment, evaluate the view of E. Fama above. "My view is that any new model should be judged (as above) on how it explains the big picture. The question should be: Does the new model produce rejectable predictions that capture the menu of anomalies better than market efficiency?" (E. Fama) With respect to models of investor sentiment, evaluate the view of E. Fama above