Summary

What is the likely future return on stocks, following recent market declines? Christopher Carroll consults the wisdom of Benjamin Graham, John Campbell and Robert Shiller for an answer.

Recommended Citation

Carroll, Christopher D. (2008) "Recent Stock Declines: Panic or the Purge of "Irrational Exuberance"?," The Economists' Voice: Vol. 5 : Iss. 7, Article 6.
DOI: 10.2202/1553-3832.1462
Available at: http://www.bepress.com/ev/vol5/iss7/art6