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Book
Speculative Behavior in the Stock Markets : Evidence from the United States and Japan
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Year: 1991 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

There have been enormous differences of opinion between U.S. and Japanese institutional investors about the outlook for stock prices, differences across the two countries in average one-year-ahead forecasts for the Japanese stock market as great as twenty percentage points. In the past two years most Japanese and U.S. institutional investors have had expectations for a reversal of trends in the stock market, and advised an investing strategy that depended on getting out of (or in to) the market before an anticipated market turnaround. These results, obtained from a number of questionnaire surveys in 1989 and 1990, help explain the relative lack of portfolio diversification across countries and show the short-term nature of speculative behavior.

Keywords

Speculation.


Book
Understanding and trading futures
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ISBN: 0077074505 Year: 1991 Publisher: London New York Madrid McGraw-Hill

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Book
The european options and future markets. An overview and analysis for money managers and traders
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ISBN: 007707369X Year: 1991 Publisher: New York, NY : McGraw-Hill,

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Selling short : risks, rewards, and strategies for short selling stocks, options, and futures.
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ISBN: 0471534641 Year: 1991 Publisher: New York (N.Y.) Wiley

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Book
La gestion globale du risque de change : nouveaux enjeux et nouveaux risques
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ISBN: 2717820280 9782717820287 Year: 1991 Publisher: Pparis : Economica - anthropos,


Periodical
Review of quantitative finance and accounting.
ISSN: 15737179 0924865X Year: 1991 Publisher: New York, NY : Kluwer Academic Publishers

Stochastic models and option values : applications to resources, environment and investment problems
Authors: ---
ISBN: 0444886303 9780444886309 Year: 1991 Volume: 200 Publisher: Amsterdam New York Tokyo North Holland

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