famous economist just announced

1. A famous economist just announced his findings that the recession is over and the economy is entering the expansion stage once again. Can you profit from investing in the stock market after you learned this study result from reading The Wall Street Journal?

2. Many investors (sometimes called technical analysts) claim to observe patterns in stock market prices. Is technical analysis consistent with EMH? If the stock price follows a random walk model, can technical analysts systematically profit from trading rules based on patterns in the historical stock prices? If so, what form of market efficiency is violated?

famous economist just announced