Investors are not all alike, and neither are their sentiments. We show that the sentiment of
Wall Street strategists is unrelated to the sentiment of individual investors or that of newsletter …

… Fisher, and Deniz Anginer … Kenneth L. Fisher is founder, chairman, and CEO of Fisher
Investments, Inc. Deniz Anginer is a doctoral student at the University of Michigan, Ann Arbor. …

A comprehensive exploration of the turbofan engine design space for an advanced technology
single-aisle transport (737/A320 class aircraft) was conducted previously by the authors …

We study the P/E ratios and dividend yields at the beginning of the 128 years from 1872 through
1999, and find that they provide unreliable forecasts of future returns.(The sources of the …

Financial advisors who worked to restrain exuberant investors in the late 1990s, worked
equally hard to lift desperate investors in the early 2000s. Will lower stock prices sap the …

The Markowitz mean–variance-optimization framework presents a puzzle. Although it is the
standard model of portfolio construction, investors rarely use it and, when used, it is …

We compare price‐to‐earnings ratios and dividend yields, which are indirect measures of
sentiment, with the bullish sentiment index, which is a direct measure. We find that the …

The desire for higher engine efficiency has resulted in the evolution of aircraft gas turbine
engines from turbojets, to low bypass ratio, first generation turbofans, to today's high bypass …

The world of investments is changing rapidly as individual investors assume more power
and responsibility for their financial future. Many, from financial advisors to mutual fund …

The forecasts of individual investors, surveyed by Gallup/PaineWebber, imply that they believed
that the market was in a bubble in the late 1990s and expected the bubble to continue to …