This citation by Robert Neal and Simon Wheatley from their 1998 article about investor sentiment offers several insights and paves the way for this first chapter by making the following statements: First, the opinion of individual investors on the market is important. Second, they are often wrong. Third, individual investor sentiment may support market timing decisions. Fourth, none of the above is scientifically proven.


Abnormal Return Market Return Individual Investor Investor Sentiment Efficient Market Hypothesis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2011

Authors and Affiliations

  • Matthias Burghardt

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