Do Widely Used Market Charts Obscure Reality?
November 7, 2017 - Bonds, Equity Premium
Do widely used charts of equity and bond market performance inculcate harmfully false beliefs among investors? In his September 2017 paper entitled “Stock Market Charts You Never Saw”, Edward McQuarrie dissects some of these charts and outlines cautions to investors in interpreting them. Using very long-term data for U.S. stock and bond markets spanning hundreds of years,… Keep Reading