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