Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2007
A linear link between S&P 500 return and the change rate of the number of nine-year-olds in the USA has been found. The … the number of 17 year-olds shifted 8 years back. The prediction of S&P 500 returns for the months after 2003, including … predicted returns - in 2007 and 2009, and one strong rally in 2008. Equivalently, S&P 500 index should drop in 2007 and 2009 to …