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The Apparent Randomness of Stock Price Movements Is Powerful Evidence

question 93

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The apparent randomness of stock price movements is powerful evidence against market efficiency.


Definitions:

Ligamentum Nuchae

A fibrous membrane that provides support to the head by connecting cervical vertebrae to the skull.

Erect

A posture or position that is upright and vertical, or the state of being physically rigid due to the engorgement of blood vessels.

Maxilla

A pair of bones forming the upper jaw, central portion of the facial skeleton, and part of the roof of the mouth, holding the upper teeth.

Cranium

The skull, especially the part enclosing the brain.

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