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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2037 |
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It should be expected that Weak-form efficiency is in place in our markets as past share prices are easily attainable, and so no one person should be able to make exceptional returns from information that is so readily available to many, otherwise everybody would be scrutinising past share prices in order to ?beat the market'...
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Empirical evidence such as that of Cootner (1962), Osborne (1962) and Fama (1965) suggest that it is very difficult to make money on publicly available information such as past price movements, due to a low degree of serial correlation and high transaction costs associated with the collection and analysing of such data...
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