Can I read Future of Common Stocks in 1974 on EtoBox?
Future of Common Stocks in 1974 by bogatishankar is a document available to read on EtoBox.
What is Future of Common Stocks in 1974 about?
Benjamin Graham summarizes two historical episodes that illustrate the fluctuating nature of common stocks and investor sentiment. The first was the 1924 publication showing stocks outperformed bonds long-term, fueling the 1920s bull market. The second was a 1948 Fed report finding 90% opposed to stocks when the market began its biggest rise. Graham says future stock performance will depend on price levels, as always. High interest rates currently justify lower price-earnings ratios for the market averages.
- Author
- bogatishankar
- Language
- EN