A market (or value) weighted index means The stock with the highest price has the most impact on the index value Does not exist because it would be too expensive to buy The company with the largest market value has the most impact on the index value Is rarely considered by professional investors If you think you can make money with technical analysis and study price charts: You reject the weak form of market efficiency but could still accept semi-strong or strong You do not accept any of the three levels of market efficiency You believe in the weak form of market efficiency You are certain to generate high risk-adjusted return because markets are efficient. An analyst spends all day surveying shoppers about a new product and then putting her findings into a detailed financial analysis. She clearly: Believes that stocks move randomly based only on unexpected information Believes in the semi-strong form of market efficiency Is likely to go to jail for insider trading Does not believe in the semi-strong form of market efficiency