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Where is the Market Going? Uncertain Facts and Novel Theories

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NBER1998-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6207
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Will the stock market provide high returns in the future as it has in the past? The average US stock return in the postwar period has been about 8% above treasury bill rates. But that average is poorly measured: The standard confidence interval extends from 3% to 13%. Furthermore, expected returns
提供机构:
美国国家经济研究局
创建时间:
1998-02-01
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