Evidence supporting semistrong-form market efficiency suggests that investors should ________.

A) rely on technical analysis to select securities
B) rely on fundamental analysis to select securities
C) use a passive trading strategy such as purchasing an index fund or an ETF
D) select securities by throwing darts at the financial pages of the newspaper

Semistrong-Form Market Efficiency

A theory stating that all publicly available information is already reflected in stock prices, thus making it impossible to achieve consistently higher returns.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to follow the components of a market index, such as the S&P 500, to provide broad market exposure with low operating expenses.