Efficient Market Or Fearful Market?
Read the full article at: http://barelkarsan.com/2009/01/efficient-market-or-fearful-market.html
Submitted by sajid.karsan on Wed, 2009-01-07 06:24.
(via barelkarsan.com)
The Efficient Market Hypothesis (EMH) asserts that stock prices appropriately incorporate relevant information. As such, it isn't possible to generate market beating returns because the current price reflects available information. While it's not possible to completely disprove this theory, there are examples which make this very difficult to believe.
