Seeking Guidance for the Dow? Try GDP
Author(s)
Mulford, Charles W.
Ely, Michael L.
Maloney, Kerianne
Martins, Mario
Quiroz, Raul
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Abstract
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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Date
2004-12
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150356 bytes
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Text
Resource Subtype
Technical Report