What P/E Will the U.S. Stock Market Support?

Financial Analysts Journal

Volumn 56, Issue 6, 2000, Pages 30-38

  White, C Barry ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0347243571     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v56.n6.2401     Document Type: Article

References (20)

1. Beaver, William, and Dale Morse. 1978. "What Determines Price-Earnings Ratios?" Financial Analysts Journal, vol. 34, no. 4 (July/August):65-76.
2. Bleiberg, Steven. 1989. "How Little We Know." Journal of Portfolio Management, vol. 16, no. 4 (Summer):26-31.
3. Bodie, Zvi, Alex Kane, and Alan J. Marcus. 1993. "Investments." 2nd ed. Chicago, IL: Irwin Publishing.
4. Campbell, John Y., and Robert J. Shiller. 1998. "Valuation Ratios and the Long-Run Stock Market Outlook." Journal of Portfolio Management, vol. 24, no. 2 (Winter):11-25.
5. Cho, Youn Jang. 1994. "Determinants of Earnings-Price Ratios: A Reexamination." Revieiv of Financial Economics, vol. 3, no. 2 (Spring):105-120.
6. Fairfield, Patricia M. 1994. "P/E, P/B, and Present Value of Future Dividends." Financial Analysts Journal, vol. 50, no. 4 (July/August):12-31.
7. Fama, Eugene F. 1991. "Efficient Capital Markets: II." Journal of Finance, vol. 46, no. 5 (December):1575-1617.
8. Goetzmann, William N., and Philippe Jorion. 1993. "Testing the Predictive Power of Dividend Yields." Journal of Finance, vol. 48, no. 2 (June):663-679.
9. Good, Walter R. 1991. "When Are Price/Earnings Ratios Too High - or Too Low?" Financial Analysts Journal, vol. 47, no. 4 (July/August):9-12, 25.
10. Kane, Alex, Alan J. Marcus, and Jaesun Noh. 1996. "The P/E Multiple and Market Volatility." Financial Analysts Journal, vol. 52, no. 4 (July/August):16-24.
11. Litzenberger, R.H., and C.U. Rao. 1971. "Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-1966." Bell Journal of Economics and Management Science (Spring): 265-277.
12. Loughlin, John Jackson. 1996. "Determinants of the Price-Earnings Multiple for the Standard & Poor's 500 Composite Stock Index and the Effects of Determinants Volatility." Doctoral dissertation, St. Louis University, MO.
13. Maginn, John L., and Donald L. Tuttle. 1990. Managing Investment Portfolios: A Dynamic Process. 2nd ed Boston, MA: Warren, Gorman, & Lamont.
14. Malkiel, Burton G. 1990. A Random Walk Down Wall Street. New York: W.W. Norton.
15. Malkiel, Burton G., and John G. Cragg. 1970. "Expectations and the Structure of Share Prices." American Economic Review, vol. 60, no. 4 (September):601-617.
16. Nomura Securities and John R. Dorfman. 1994. "Why Investors Fear Inflation: Investors' Jitters on Inflation Aren't Spooking Most Advisors." Wall Street Journal (September 14):C1, C3.
17. Reilly, Frank K., Frank T. Griggs, and Wenchi Wong. 1983. "Determinants of the Aggregate Stock Market Earnings Multiple." Journal of Portfolio Management, vol. 1, no. 1 (Fall):36-15.
18. Siegel, Jeremy. 1994. Stocks for the Long Run. Chicago, IL: Irwin Publishing.
19. White, C. Barry. 1997. "What Price to Earnings Ratio Will the Stock Market Support?" Working paper.
20. Zarowin, Paul. 1990. "What Determines Earnings-Price Ratios: Revisited." Journal of Accounting, Auditing & Finance, vol. 5, no. 3 (Summer):439-457.