Question
a) Recall the EMH you learned in week 3. if everyone in the market believes in resistance levels, why do these beliefs not become self-fulfilling
a) Recall the EMH you learned in week 3. if everyone in the market believes in resistance levels, why do these beliefs not become self-fulfilling prophecies? b) With reference to the active versus passive portfolio management, what would happen to the market efficiency if all investors attempted to follow a passive strategy?
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The Handbook Of Structured Finance
Authors: Arnaud De Servigny, Norbert Jobst
1st Edition
0071468641, 978-0071468640
