Some studies of the stock market have concluded that a "weekend effect" exists. These
studies found that, on average, the stock market tends to fall on Mondays, relative to
the preceding Friday's close price.
Is this a violation of the concept of efficient markets? Explain.

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The Answer of Some studies of the stock market have concluded that a "weekend effect" exists. These
studies found that, on average, the stock market tends to fall on Mondays, relative to
the preceding Friday's close price.
Is this a violation of the concept of efficient markets? Explain.

Some Studies of the Stock Market Have Concluded That a "Weekend