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Suppose you observed that stock markets usually earn significantly positive returns during January in past years, and you prepare to follow this strategy in next
Suppose you observed that stock markets usually earn significantly positive returns during January in past years, and you prepare to follow this strategy in next years. Does it imply that you believe efficient market hypothesis (EMH) or not ? Why ?
Suppose you are a portfolio manager and do active management strategy (e.g. seek alpha). Does it imply you believe efficient market efficiency or not? Why?
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