Currently some very interesting examples of market efficiency in the MC futures market with the aptly named Efficient.

He was unloved in the market 24 hours ago, until I heard a 2KY piece about his trackwork.

Nothing much changed for 20 hours until this piece ended up in the next morning newspapers.

To me, schooling disinterested horses over jumps doesn't appear that newsworthy or significant but its newspaper reporting has been enough to arrest Efficient's slump from $25 into $14 on Betfair.

My bet is this is a great lay for the moment.