1.Discuss market efficiency; for example, Is it possible for a portfolio manager to beat the market?

1.Discuss market efficiency; for example, Is it possible for a portfolio manager to beat the market? Discuss why/why not. Include in your discussion the terms active and passive management. Focus on equities.

In addition, how do analysts attempt to identify mispriced securities? Be specific

2.Describe the Dow theory and discuss the trend of the current market: