Hartmut Jaensch beschäftigt sich in seinem Buch sehr intensiv mit den verschiedenen Möglichkeiten, Börsenkurse vorauszusagen. Dabei erläutert er das Für und Wider von Kennzahlen-Analysen und Prognosemodellen und hinterlegt seine Erkenntnisse mit fundierten Zahlen. Um den Ausführungen des...

We propose a new measure of financial intermediary constraints based on how the intermediaries manage their tail risk exposures. Using data for the trading activities in the market of deep out-of-the-money S&P 500 put options, we identify periods when the variations in the net amount of trading...

We analyze how investor expectations about economic growth and stock returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic, as well as during the subsequent partial stock market recovery. We surveyed retail investors who are clients of Vanguard at...