High Valuations:Occasionally, valuations for certain sectors or the market as a whole may reach highly elevated levels amid rampant optimism for the long-term prospects of such sectors or the broad economy. Market professionals call this phase of the investment cycle “priced for perfection,” since...
O.A.S. or Common Market?F. Benham and H. A. Holley, A Short Introduction to the Economy of Latin America, Oxford University Press, London, 1960, pp. 169 and maps. 18s.doi:10.1111/apv.22016G.J.ButlandWileyPacific Viewpoint
High Valuations:Occasionally, valuations for certain sectors or the market as a whole may reach highly elevated levels amid rampant optimism for the long-term prospects of such sectors or the broad economy. Market professionals call this phase of the investment cycle “priced for perfection,” since...
of the last recession: modellers chose to calibrate the pricing of bundles of mortgages based on data for the real estate market in an up-swing period. Needless to say, these calibrations conveniently ignored what would happen when the market took a turn for the worse. Transport policy offer...
“We see the equity market rally as ephemeral in nature… a corrective bounce and very little more… and we suspect that capital shall instead be coming out of the equity market and flowing into gold instead,” he said in a morning note. Gartman has more exposure to gold priced in theor...
While many market observers have scoffed at PIK toggles, we think these MOs are missing the big picture. Namely that these funds buying PIK toggles on behalf of pensions, grandmas, and HNWIs aren’t actually naïve, risk-obsessed maroons. No, these buyers are the ones who truly get...
compared with the market consensus of 80 million to 85 million units. apple shares were trading down more than 2%, set to add to the 6% decline so far this month as worries grow over shipments in the all-important holiday sales season. kuo, in a blog pos...
In this paper, we use tax and household survey data to assess the history of income distribution in Argentina since the beginning of the 20th century. Until the 1970s, the country experienced a fall in inequality in spite of lower income growth. Since th
TheNew York Stock Exchange (NYSE)short interest ratio is another great metric that can be used to determine the sentiment of the overall market.2The NYSE short-interest ratio is the same as short interest except it is calculated as monthly short interest on the entire exchange divided by the...
2020a. The Impact of Margin-Trading and Short-Selling on Stock Price Efficiency—Evidence from the Fifth-Round Ban Lift in the Chinese Stock Market. The Chinese Economy 53: 265–84. [Google Scholar] [CrossRef] Chen, Shenglan, Robin K. Chou, Xiaoling Liu, and Yuhui Wu. 2020b. ...