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dc.contributor.authorWilson, Antonyen_NZ
dc.date.available2011-04-07T03:14:49Z
dc.date.copyright2000en_NZ
dc.identifier.citationWilson, A. (2000). Two centuries of bull and bear markets (Thesis). Retrieved from http://hdl.handle.net/10523/1353en
dc.identifier.urihttp://hdl.handle.net/10523/1353
dc.description.abstractTwo methods for identifying bull and bear markets in stock indices are developed and applied to a long period of U.S. stock market data. Turning points in the stock market are documented and the characteristics of the bull and bear markets identified are examined. Results show that significant bull and bear markets do exist in stock market returns, that the returns in these two states differ significantly, and that these states tend to persist for some time. The returns during the first six months of a bull market are found to be higher than those in the remaining months. Over the time period studied, the gains in bull markets have become greater, as have the losses during bear markets. The analysis appears to imply that seasonalities could be related to bull and bear markets.en_NZ
dc.subjectbull and bear marketsen_NZ
dc.subjectU.S. stock marketen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHG Financeen_NZ
dc.titleTwo centuries of bull and bear marketsen_NZ
dc.typeThesisen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages57en_NZ
otago.date.accession2007-04-23en_NZ
otago.schoolFinanceen_NZ
thesis.degree.disciplineFinanceen_NZ
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelMasters Thesesen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints655en_NZ
otago.school.eprintsFinance & Quantitative Analysisen_NZ
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