Journal Article
Investor expectations and fundamentals: disappointment ahead?
Abstract: The average annual return of the S&P 500 since 1994 has exceeded 25 percent. Confidence is high and investors are looking forward to continued above-average returns. The authors of this Economic Commentary attempt to reconcile investors' expectations with a decline in the equity premium, using a standard approach to stock-price valuation.
Keywords: Stock - Prices;
Access Documents
File(s):
File format is text/html
https://fraser.stlouisfed.org/title/4515/item/627721
Description: Full Text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2000
Issue: May
Order Number: 1