Welcome to bull country
Article Abstract:
Those who remain optimistic about the future of world stock markets explain the current strong rise in market values by arguing that small investors are now strongly attracted to equities. Bulls believe this trend will continue indefinitely. This view is gaining support from economists, who now have a strong belief in the concept of the New Investor. Economists may be turning to this view because they remain confused by the equity premium, the average additional return investors expect to obtain above that on safer investments if they invest in less safe equities instead.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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A wobble down Wall Street
Article Abstract:
The sharp fall in the Dow Jones Industrial Average has prompted experts to reconsider the prospects for US equities. Some observers believe that a cyclical bear market has started, even though the signs which have been associated with bear markets in the past, such as rising interest rates, are generally not present. The most convincing argument in favour of believing that a bear market is emerging is that the decline in the Dow Jones indicates that the pessimistic mood that has already become established in most of the market has now spread to the blue chips.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Wall Street's twists and turns
Article Abstract:
The Dow Jones Avg and the Nasdaq index tumbled on July 12th and 15th, 1996, then started to recover only after further early-hour drops. While the drops were not surprising, strong reactions by European and Asian exchanges were. There were fears that healthy US economic growth would not continue.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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