why the boom in stock prices, 1995-1998?

Barbara Laurence cns at cats.ucsc.edu
Mon Mar 1 10:33:13 PST 1999


Does anyone know or know where to find any study of the importance of US company stock buybacks, plus the importance of global money fleeing Asia and "emerging countries" generally, on the rise in stock prices? In the form, let's say, of a percentage rise in stock prices due to these factors active on the demand side of the market? I should say, stock buybacks affect both the demand and supply side, increasing the former and reducing the latter, for a "double hit." Thanks for any help on this, Jim O'Connor



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