Question
Which of the following violates weak form (but not semi-strong and strong form) efficiency? Neither. Both. A 1% increase in jobless claims leads to an
Which of the following violates weak form (but not semi-strong and strong form) efficiency?
| Neither. | ||
| Both. | ||
| A 1% increase in jobless claims leads to an immediate 7% drop in the S&P 500. | ||
| Ten days of increasing returns is technology stocks predicts a drop in technology prices in the following week |
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
