Browsing by Subject "Bear markets"
Now showing items 1-2 of 2
-
The Relative Valuation of US Equities at Bear Market: A Perspective on the Equity Risk Premium
We investigate stock returns, earnings growth, interest rates and the relative valuation of US equities following the 22 major bear market bottoms from 1881-2011. We find that large, sustainable bull market returns are ... -
U.S. equities' Heartbreaking Performance is Nothing New
US equities have delivered poor long-term returns with surprising regularity: in the 1910s, the 1930s, the 1970s, and the 2000s. Following bear markets of the 1930s and the 1970s, stock valuations languished for a considerable ...