Can the Market Stay in the Sweet Spot?
Rising momentum in the global economy and capital markets threaten to force already-stretched equity valuations to even higher levels.
Research Publications Archive
Reflation Takes Hold
The bulls had their way in 2003, and while the economy could surprise on the upside in 2004, equity valuations and economic structural problems remain a concern.
European Markets Cheer
Free-flowing global liquidity, improving economies, and rising earnings growth prospects pushed capital markets higher in 2003—will the same factors provide a fillip in 2004?
Derivatives: An Introduction
An introduction to the sector of financial instruments whose value is based on that of some underlying security, such as a bond or a share of a stock. This primer covers the definitions, characteristics, and uses of the major types of derivatives as well as issues and guidelines for implementation.
Deja Vu? Low-Quality Equities Rise Again
Much as they did in 1999, equities with negative earnings have far outpaced their profitable peers this year.
Small-Caps–Beyond Speculating
Will their speculation-driven rally persist?
The Lure of Inflation-Indexed Bonds
Despite skimpy yields, the European inflation-indexed market looks poised for rapid growth.
What Should We Do About the Japanese Equity Rally?
Is the most explosive rally in the post-bubble era the long-awaited end of the bear market, or a replay of past equity rallies that ended up fizzling instead of dazzling?
U.S. Equities: Multiple Concerns
U.S. equity buyers should beware the perils of price.
French and German Equities
Risk outweighs reward in these key European markets.