Technical analysis of the Dow Jones Industrial Average show that a catastrophic market crash is looming. Apple would then have enough money available to pay a $25-$30 special dividend (or buy back an equivalent amount of stock) and still have a rock solid balance sheet. Next year hopefully you will become FWalker2017 so I can call you 2016 – that is if you are not banned from this site and forced to run and hide and go with one of your other names. We decided to use the 2008 measures for the analysis despite its potential endogeneity. Although the 1920s were marked by growth in stock values, the last four years saw an explosion in the market. This price correction is a bit different from the other corrections that have occurred in 2016. Not including dividends, the Dow was flat from 1929 to 1959, and again from 1966 to 1995.
I am not even remotely knowledgeable about the stock market … but it seems logical to me that if a simple choice like people deciding to take back their country and decide what direction it should go is enough to collapse that country’s economy… then something had to have been very seriously wrong with the way that economy was set up in the first place.
Wealthy investors like J.P. Morgan hoped to stop the crash by pooling their resources and buying up large amounts of stock. The population average of uncertainty shows a similar pattern; it tracks the volatility index before the crash in specification 2 closely, but its increase after the crash is smaller than what the large increase of the VDX would have implied.
In early 2000, the technology stock bubble crashed spectacularly as the Nasdaq plunged from 5,000 to nearly 1,000 by 2002 and the U.S. economy was hurled into a recession. According to the discussion above, these regressions estimate the effect” of interview date in 2008 on the average level of expectations prior to 2008 and heterogeneity of those expectations prior to 2008, respectively. That is, this assumption ensures that the signal-to-noise ratio is constant in terms of perceived stock market returns. It means relief for the poor and the jobless, recovery of the economy back to normal and reform of the financial system to avoid depression and encourage people to invest in the stock market again. When investors believe a stock is a good value they are willing to pay more for a share and its value rises.
Perhaps surprisingly, both Kezdi and Willis (2008) and Gouret and Hollard (2010) find no relationship between personal characteristics and the propensity to give problematic answers, with the potential exception of income and expectations themselves.