According to the efficient market hypothesis,which of the following is not correct?
A)Stock market prices tend to rise today if they rose yesterday.
B)As judged by the typical person in the market, all stocks are fairly valued all the time.
C)At the market price, the number of shares being offered for sale matches the number of shares people want to buy.
D)All of the above are incorrect.

Question

Quizplus · Accepted Answer

The efficient market hypothesis suggests that stock prices reflect all available information and are thus unpredictable, contradicting the idea that prices tend to rise today if they rose yesterday.

According to the Efficient Market Hypothesis,which of the Following Is