Which of the following statements is correct according to the efficient market hypothesis?

Select one:

a.

Many widely used investment strategies are likely a waste of time.

b.

The statistical analysis of past trading behaviours of investors can lead to abnormal returns for skilled investors

c.

Technical analysis of public and privately available information can lead to abnormal profits for investors

d.

Investors cant make money by investing in stock markets

e.

Stock prices do not reflect the underlying publicly available information on each company