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Suppose that each month, you decide to buy stocks that performed well during the previous 6 months, and hold them for 3 months. If this
Suppose that each month, you decide to buy stocks that performed well during the previous 6 months, and hold them for 3 months. If this is a profitable trading strategy, this finding:
The market is not semi-strong efficient but is weak-form efficient
The market is not efficient at all
The market is not weak-form efficient but is semi-strong and strong form efficient
The market is efficient based on all levels
The market is not semi-strong or strong form efficient but is weak-form efficient
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