If the market is efficient in the semi-strong form, no one should be able to consistently outperform the market. What roles then do financial analysts play?

Respond to the questions by giving real-world examples to support all your answers.

1. If the market is efficient in the semi-strong form, no one should be able to consistently outperform the market. What roles then do financial analysts play?
   
   
   
2. Explain your position on whether the market is efficient or not.
   
   
   
3. Trading rules are used by some to show how their application would generate larger profits. How would you evaluate the use of trading rules?

Write your answer to the question in approximately 800-1000 words formatted in the current APA style. All written assignments and responses should follow APA rules for attributing sources.

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