made a lot of money when the price went down so much.

从股价大幅下跌中获利颇丰
That's not really consistent with efficient markets

在有效市场下这种情况不会持续很久
because it makes it sound like--as a matter of fact,

因为这让人感觉到...事实上
I could have--Reading the Business Week article

我在2007年初读到
at the beginning of 2007,

《商业周刊》上那篇文章
I could have called my broker and I could have told my broker,

我本该给我的经纪人打个电话告诉他
short-please, I want to short First Federal Financial.

我想做空第一联邦金融
I could have done that and looks like I could have

我原本可以这么做
made a lot of money by shorting it because the price went down a lot.

来赚一大笔钱因为价格会走低
Efficient markets theory would have to say that

有效市场理论会解释说
that was an anomaly--that that was just good luck.

这属于异常现象这仅仅是好运而已
Those people who shorted First Federal Financial

那些做空第一联邦金融的人