dotamasta

morebeans Wrote:
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> You guys are getting too smart for your own good.
> You're right - if semi-strong has been
> violated than by definition markets can't be
> strong-form efficient. But I guess you have to
> think like a question writer on this one. The
> difference between strong and semi-strong is that
> with strong markets, even having material
> non-public information doesn't give you an
> advantage, right? So they want you to identify
> that P/E ratios are not material non-public
> information, so you're supposed to put strong form
> out of your mind.
>
> Hopefully there won't be a question like this on
> the real exam.


thanks for the post morebeans(?) i was getting a bit anxious with this thread as it made me doubt more and more my basis for choosing B to start with - which i must now admit is the wrong choice whatever the question-writer is thinking!