If lower volatility is the new norm it is possible to envisage the 'golden age' staying a while
Article Abstract:
The reduction in the volatility of economic growth and interest rates internationally has linked with the growing independence of the Japanese, US and European business cycles to push stock markets to record levels, according to economics Bill Martin. Reduced volatility and growing business cycle independence both cut the risk which has traditionally been associated with equity investment. Share price valuations may be negatively affected if economic conditions become more unpredictable again in the future.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Follow the sage and invest in another hobby
Article Abstract:
Stock market investor Warren Buffett, whose company Berkshire Hathaway has been extremely successful, remains quite cautious about the current very high levels of the stock market. He believes that these levels can be justified as long as long-term interest rates remain at or below the present level and US companies continue to earn the extremely high returns on equity that have been seen since 1993. He feels that it is not very realistic to expect these conditions to prevail indefinitely.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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The worriers are at it again. Maybe we should take them seriously
Article Abstract:
Many highly respected observers are now expressing concern about current Wall Street valuation levels, and their views should be taken seriously. They feel that the stock market is showing irrational trends and that Wall Street's continued buoyancy should be brought under control, possibly through higher interest rates. There is no convincing reason why the current upward trend should not eventually become a downturn, as has always been the case in the past.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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