Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility.Why does the stock market crash from time to time? Why does real estate go in and out of booms? Why do long term borrowing rates suddenly make surprising shifts? Market Volatility represents a culmination of Shiller's research on these questions over the last dozen years. It contains reprints of major papers with new interpretive material for those unfamiliar with the issues, new papers, new surveys of relevant literature, responses to critics, data sets, and reframing of basic conclusions. Includes is work authored jointly with John Y. Campbell, Karl E. Case, Sanford J. Grossman, and Jeremy J. Siegel.Market Volatility sets out basic issues relevant to all markets in which prices make movements for speculative reasons and offers detailed analyses of the stock market, the bond market, and the real estate market. It pursues the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general.In studies of the October 1987 stock market crash and boom and post-boom housing markets, Market Volatility reports on research directly aimed at collecting information about popular models and interpreting the consequences of belief in those models. Shiller asserts that popular models cause people to react incorrectly to economic data and believes that changing popular models themselves contribute significantly to price movements bearing no relation to fundamental shocks.Robert J. Shiller is Stanley B. Resor Professor of Economics at the Cowles Foundation, Yale University.
Sberbank Chief Says Market Volatility May Expedite Share Sale Bloomberg Market volatility may expedite the sale of shares of OAO Sberbank, Russia's biggest lender, Chief Executive Officer German Gref told reporters in Washington today. “If we expect that the world economy will be stable and there will be sustainable growth ... and more » |
Why Stock Market Volatility And Bad News Go Hand In Hand Business Insider If you look at implied volatility, or actual volatility, it goes up when markets decline, and falls when markets increase. The reigning best explanation is that since most companies have some amount of debt, bad news increases leverage as the firm ... |
BTAL: A Different (And Effective) Low Volatility ETF ETF Database BTAL essentially offers investors an easy way to make a bearish bet on the stock market, without going “all in” so to speak; the strategy employed by this ETF allows investors to profit when market volatility spikes, because lower beta stocks are ... |
Dollar Run May Collapse Without Market-Wide Fear Mongering TheStreet.com Yet, despite plunging these lows (the current rate puts the Aussie yield at a notable discount to its New Zealand counterpart) and the fact that FX market volatility is just off its high for the year (currently 11.1 percent), the recent rebound in ... and more » |
Market Volatility Prompts Warning From Japan to S. Korea BusinessWeek By Mayumi Otsuma on May 18, 2012 Financial markets are becoming unhooked from economic fundamentals, officials warned in Japan and South Korea, as policy makers monitor the dangers posed by any Greek exit from the euro region. and more » |
ETF Trends | Direxion Tweaks Volatility-Response ETFs ETF Trends The funds try follow a Risk Control Index, which are designed to respond to the volatility levels of the underlying indices by adjusting its exposure to equities and US Treasury Bills based on market volatility. [Sell in May: Stock ETFs Under the Gun] ... |
Asset Valuations Trip Up Audits Wall Street Journal (blog) Market volatility has made it hard for companies and their auditors to value assets based on market prices. They often have had to turn to outside advisers for an estimate. But overreliance on such advice has led to a sharp rise in the number of audit ... and more » |
Medvedev: Privatizations Should Be Carried Out Regardless Of Mkt Volatility Wall Street Journal MOSCOW (Dow Jones)--Russia should carry out its privatization program regardless of market volatility, Prime Minister Dmitry Medvedev said Monday, just hours after President Vladimir Putin signed off on a new cabinet. One of the new cabinet's goals is ... and more » |
Silver's Downtrend: Just Volatility? Silver Investing News With prices now hoovering only slightly above the levels seen at the end of last year and with the memories of wounds incurred from the 2011 market volatility still fresh, many investors are undoubtedly risk averse at this point. |
Evonik Owner To Pursue IPO Preparations, Cautious On Timing Wall Street Journal The lingering uncertainty over Greece is pressuring company valuations and leading to increased market volatility, both hampering the chances for companies to go public. While the RAG foundation is said to have set a minimum valuation of EUR15 billion ... and more » |
