Which level of market efficiency do you believe in?

[thatgirl]

Hey
When I learned about those effiency forms in my finance class I was quite disturbed...
Theory says the market has a semi-strong effiency because no analyst can beat the market in the LONG TERM. In the semi-strong form, only insider information can give you an edge, which is not really legal anyway. I was really pissed off when I learned about all that. Might as well just leave everything in a savings account...
Well...so much for my finance major =(

[Sniper]

When "no analyst can beat the market in the LONG TERM." leads you to conclude "Might as well just leave everything in a savings account", then yeah, you obviously have a lot to learn [img]/images/graemlins/smile.gif[/img]