Market Efficiency in Real Time

Author: Jeffrey A. Busse & T. Clifton Green

"The Morning Call and Midday Call segments on CNBC TV provide a unique opportunity to study the efficient market hypothesis. The segments report analysts’ views about individual stocks and are broadcast when the market is open. We find that prices respond to reports within seconds of initial mention, with positive reports fully incorporated within one minute..."



Journal of Financial Economics 65 (2002) 415–437
Source: http://www.bus.emory.edu/cgreen/docs/Busse,Gr...

How can tebi help you?