Question
If the market is not semistrong-form efficient, but is weak-form efficient then which one of the following statements could be true? No answer can be
If the market is not semistrong-form efficient, but is weak-form efficient then which one of the following statements could be true?
No answer can be determined as the form of market efficiency is unrelated to abnormal, or excess, returns.
Technical analysts have the ability to earn excess profits but fundamental analysts cannot.
Both technical and fundamental analysts earn excess profits based on their research.
Neither technical nor fundamental analysis leads to abnormal profits.
Fundamental analysts can earn excess profits but technical analysts cannot.
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