An efficient market is one in which the market price of the security always fully reflects all available information, so it is difficult, if not impossible,to consistently outperform the market by picking undervalued stocks. It is argued that in an efficient market, random price movements simply reflect a highly competitive market where investors quickly use and digest any new information.
那个it is argued,我不是很明白,这里的意思是指“已经证实在efficient market,price 反映着。。。。。。”吗?