An Efficient Market Concept

The concept of an efficient market has been with us for more than three decades and you cannot be a serious student of the market unless you are at least aware of its implications. A great deal of evidence exists to support an efficient market and the fact that some well-known market observers and participants reject the idea does not reduce its validity. The concept of market efficiency is based upon the rapid dissemination of all publicly available financial information. The concept does no...