Table of contents
About this book
Introduction
'For amateurs and professionals alike wishing to deepen their understanding of the often mysterious and counter-intuitive fluctuations in asset prices, this book provides essential reading.' - Barry Riley, Financial Times 'Really required reading.' - Anthony Harris, Times According to mainstream economic theory, the prices of individual stocks respond rationally to unexpected news. However, real market movements appear to respond to news in more complex and sometimes perverse ways, overshooting or not reacting at all. Drawing on his hands-on experience, Professor Pepper puts forward a new theory based on the analysis of the supply of and demand for investible funds. He shows clearly that price movements are governed not by news but by the financial requirements of investors, requirements which therefore become a powerful forecasting tool.
Keywords
business business cycle economic theory equilibrium equity market forecasting Investment money regulation stock market
Bibliographic information
- DOI https://doi.org/10.1057/9780230375932
- Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1994
- Publisher Name Palgrave Macmillan, London
- eBook Packages Palgrave Economics & Finance Collection
- Print ISBN 978-1-349-39107-3
- Online ISBN 978-0-230-37593-2
- Buy this book on publisher's site
- Industry Sectors
- Finance, Business & Banking