Wall Street won't get toppy till the Brits rush in
Article Abstract:
US stock prices may seem expensive, but much depends on whether US interest rates are raised. There are different views on whether this will happen, with some analysts seeing strong economic growth as likely to lead to higher rates, and others pointing to employment data as a reason for rates not being raised. Some analysts argue that a peak in US stock prices has not been reached until United Kingdom investors enter the US market. UK institutions may have an embarrassment of liquidity, and this may be especially true as their liquidity increases.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Money matters
Article Abstract:
Baring Securities has developed a way of evaluating markets in line with liquidity influences, replacing traditional ways of assessing value. The price-money ratio is seen as important by Barings, and is the relationship between market capitalization and broad money. A high price-money ratio may give cause for concern since it indicates that a high proportion of possible investors have already entered a market. This is true for UK and US markets, though there may be reasons for a high price-money ratio to exist.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Subterranean
Article Abstract:
Underlying trends at Wall Street show a loss of momentum. More shares dropped in price than rose in price in Oct 1995. The strength of share prices is based on a narrow number of stocks. A period of consolidation could be under way. Smaller stocks on the Frank Russell 2000 index are down by almost 7% and medium stocks on the Standard and Poor's index are down by 4% from a peak achieved in Sep 1995. It is unclear whether a general drop will occur, or whether this is a minor correction.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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