Given the financial market bubbles since the late 1990s,most economists think

Question

Quizplus · Accepted Answer

The statement "it is unlikely that investors can earn above normal profits in the long run by following trading strategies" is consistent with the idea that financial bubbles have occurred, indicating that asset prices can deviate from their fundamental value. This suggests that investors cannot consistently outperform the market and that there is such a thing as a fundamental value of an asset.

Given the Financial Market Bubbles Since the Late 1990s,most Economists