GMO to My Rescue on Stockmarket Returns

If you remain unconvinced by Bill Grossly Wrong on Stockmarket Returns, GMO have made the same argument more comprehensively in Reports of the Death of Equities Have Been Greatly Exaggerated.  Read it, and if you still think GDP growth and stockmarket returns go hand in hand, please present some evidence. The GMO piece deals with the main stumbling block quite well. Most disbelievers are confusing growth in corporate earnings with growth in stockmarket returns. Obviously, corporate earnings will grow in a growing economy and won’t in one that is stagnant. But that doesn’t translate into stockmarket returns: Since 1929,...

If you remain unconvinced by Bill Grossly Wrong on Stockmarket Returns, GMO have made the same argument more comprehensively in Reports of the Death of Equities Have Been Greatly Exaggerated.  Read it, and if you still think GDP growth and stockmarket returns go hand in hand, please present some evidence.

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