What is a bull market

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1. Why are supporters of the efficient markets hypothesis unconvinced that differences between the theoretical and actual behavior of financial markets actually invalidate the hypothesis?

2. According to an article in the Wall Street Journal, "Cyclical sectors such as tech typically lead in the second year of a bull market, which is on track for the beginning of March."

a. What is a bull market?

b. If stocks issued by technology firms do in fact consistently outperform other stocks during the second year of a bull market, is this a pricing anomaly?

c. Is it likely that you would be able to earn above-average returns by buying tech stocks during the second year of a bull market?

Reference no: EM131304462

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