Detail Better Than the Alternatives; America's Stockmarket   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8826 (Mar. 2013), page 66-67. Topik: Economic Recovery; Stock Prices; Securities Markets Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.75 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel One more milestone has been passed on the road to recovery. On March 5th the Dow Jones Industrial Average closed at 14,253.77, a new high, finally surpassing the level reached in October 2007, just as the subprime-mortgage crisis really took hold. (The S&P 500, a more broadly based and better constructed index, stayed just shy of its record high.) Wall Street is not alone. Stockmarkets in the developed world have been in fairly buoyant mood since the start of the year with the MSCI World Index rising by 5% in the first two months of 2013, and the Japanese market gaining 13.5%. Emerging markets, in contrast, have been flat. It is tempting to attribute the strength of the Dow to optimism about the American economy. Tempting, but wrong. Studies have shown almost no correlation between GDP growth and equity returns. The main factors behind the current surge seem to be twofold. The first is a degree of confidence that some "tail risks" have been avoided, at least for now. The second factor is that equities look better than the alternatives. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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