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av({"version":"1.0","encoding":"UTF-8","entry":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-1255205710242367002.post-8223799059522528583"},"published":{"$t":"2012-10-08T01:56:00.002-07:00"},"updated":{"$t":"2012-10-08T01:56:43.780-07:00"},"title":{"type":"text","$t":"No support for the idea that economic growth drives stock market performance "},"content":{"type":"html","$t":"Elroy Dimson, Paul Marsh and Mike Staunton of London Business School did a study  back in early 2010, covering 83 countries over four decades, with the results  being published in the 2010 version of the Credit Suisse Global Investment  Returns Yearbook. They found little or no support for the idea that economic  growth drives stock market performance.\u003Cbr \/\u003E\u003Cbr \/\u003EFrom\u0026nbsp;\u003Cb\u003E\u003Ci\u003ENiels C. Jensen 4 October 2012\u003C\/i\u003E\u003C\/b\u003E\u003Cbr \/\u003E\u003Cb\u003E\u003Ci\u003E© 2002-2012 Absolute Return Partners LLP\u003C\/i\u003E\u003C\/b\u003E\u003Cdiv\u003E\u003Cb\u003E\u003Ci\u003E\u003Cbr \/\u003E\u003C\/i\u003E\u003C\/b\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cb\u003E\u003Ci\u003EPS Sometimes we forget that what moves markets is the change of expectations. If everybody thinks China is going to growth at 10% yoy and it only delivers 6% the stock market is going down big time. The\u0026nbsp;absolute\u0026nbsp;level of Growth does not matter as you can see below.\u003C\/i\u003E\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EChart 3: Global Equity Returns vs. GDP Growth, 1970-2009\u003C\/b\u003E\u003Cbr \/\u003E \u003Cimg border=\"0\" height=\"424\" src=\"http:\/\/images.mauldineconomics.com\/uploads\/charts\/100512-03.jpg\" width=\"504\" \/\u003E\u003Cbr \/\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/thoughtmeme.blogspot.com\/feeds\/8223799059522528583\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/10\/no-support-for-idea-that-economic.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/8223799059522528583"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/8223799059522528583"},{"rel":"alternate","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/10\/no-support-for-idea-that-economic.html","title":"No support for the idea that economic growth drives stock market performance "}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}}});