Under the assumption of semi-strong stock market efficiency a day trader, trading scores of times during day based on newsletters and proprietary public information sources,
A) should make a comfortable living.
B) should earn average returns, depending on the risk level assumed.
C) will continue to work as a day trader as long as his/her capital and/or credit sources last.
D) will depend upon technical indicators to trigger stock trading.

Question

Quizplus · Accepted Answer

Under the assumption of semi-strong stock market efficiency, all publicly available information is already reflected in stock prices. Therefore, a day trader who relies on newsletters and proprietary public information sources will not be able to consistently outperform the market.

Under the Assumption of Semi-Strong Stock Market Efficiency a Day