The Stock Market Level

Harold Bierman
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Harold Bierman: Cornell University, USA

Chapter 10 in The Bare Essentials of Investing:Teaching the Horse to Talk, 2007, pp 145-159 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:The P/E RatioInterest Rates and Dividend YieldsMargin LoansCash-Stock Asset Allocation of InvestorsInternational ComparisonsCash Flow MultiplierStock Index MeasuresBook ValueQ RatioReturn on Investment and Return on EquityMacro MeasuresAlmost Any Market Level Can Be RationalizedConsequences of an Inflated MarketThe Investor in the Overpriced MarketThe Return Through TimeNet Consumers and Net InvestorsThe Investment SplitLife-Cycle FundsThe “Number”ForecastingSummaryQuestions

Keywords: Investments; Common Stock; Bonds; Financial Securities; Taxes; Fair Security; Random Walk; Tax Deferral; Dividends (search for similar items in EconPapers)
Date: 2007
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