TITLE

DOW 36,000: A Self-Defeating Prophecy

AUTHOR(S)
Krugman, Paul
PUB. DATE
December 1999
SOURCE
Fortune;12/6/1999, Vol. 140 Issue 11, p70
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the historical risk premium of stocks. Why stocks have not been all that risky for investors with a long view; Why calculation that justify the stock market to be 100 times 1999 dividends is foolish; Why people who buy stocks based on the belief that they are not risky at all will turn the belief into a self-defeating prophecy.
ACCESSION #
2492240

 

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