economic cyclicality and efficient market# Economics - 经济
q*i
1 楼
assume that an economy with various cycles that cannot
be avoided. However, investors don't know when a cycle will
happen and how long it will lasts when it happens (a cycle
cannot last forever).
How would stock prices behave if the market is efficient?
How would stock prices behave if the investors have limited
life span?
How would stock prices behave if we do no thave a perfect
signal on if a cycle has taken place?
be avoided. However, investors don't know when a cycle will
happen and how long it will lasts when it happens (a cycle
cannot last forever).
How would stock prices behave if the market is efficient?
How would stock prices behave if the investors have limited
life span?
How would stock prices behave if we do no thave a perfect
signal on if a cycle has taken place?