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What Moves the Stock Market? – Washington Wire – WSJ – WSJ Blogs

By
Robert Litan

Dow Jones Industrial Average over 2014.
The Wall Street Journal
With the stock market’s unexpected boom toward the end of 2014, what better way to ring in the new year than to reexamine that age-old question: What drives stock returns? Is it earnings’ growth fundamentals or short-term momentum swings in investor behavior?
The answer matters because most forecasters expect the economy to […]

CAPE-Related Concerns About The Stock Market … – Business Insider

Mark Lennihan/APFA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.Why CAPE-Based Concerns About The Stock Market Miss The Point (The AllianceBernstein Blog)In a recent New York Times article titled “Time to Worry About Stock Market Bubbles,” Robert Shiller points out that based on his cyclically adjusted price earnings (CAPE) ratio, […]