Anomalies of Efficiency Which of the following is inconsistent with efficiency? Multiple Choice A stocks' price runs up prior to an earnings announcement. About half of the analysts' recommendations outperform the S&P500. Finding that money manager who underperformed the S&P500 in the prior month routinely outperform the S&P500 in the following month. Finding that money managers tend to buy high growth stocks near the end of the quarter that have performed well