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American Finance Association
American Finance AssociationEfficient capital Markets: IIAuthor(s): Eugene F. FamaSource: The Journal of Finance , Vol. 46, No. 5 (Dec., 1991), pp. 1575-1617 Published by: Blackwell Publishing for the American Finance AssociationStable URL: : 30/03/2010 21:19 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work. Publisher contact information may be obtained copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive.
THE JOURNAL OF FINANCE * VOL. XLVI, NO. 5 * DECEMBER 1991 Efficient Capital Markets: II EUGENE F. FAMA* SEQUELS ARE RARELY AS good as the originals, so I approach this review of the
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