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Jayaraman, Narayanan

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Seeking Guidance for the Dow? Try GDP

2004-12 , Mulford, Charles W. , Ely, Michael L. , Maloney, Kerianne , Martins, Mario , Quiroz, Raul , Jayaraman, Narayanan

With the Dow Jones Industrial Average once again trading above 10,000, investors understandably are wondering where the blue chips are headed next. An interesting long-term perspective on the subject can be gained by examining the extent to which Nominal Gross Domestic Product has explained the movement of share prices over time.

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