Investor expectations and fundamentals: disappointment ahead?

The average annual return of the S&P 500 since 1994 has exceeded 25 percent. Confidence is high and investors are looking forward to continued above-average returns. The authors of this Economic Commentary attempt to reconcile investors' expectations with a decline in the equity premium, using a standard approach to stock-price valuation.

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Year of publication:	2000
Authors:	Carlson, John B. ; Pelz, Eduard A.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2000, May, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Stock \| Prices

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390467