Cochrane where is the market going

Go to Market by the Bow. Saturdays 9 am — 2 pm. Please give priority to seniors over 60, those who are immuno-compromised, caregivers, or those with health concerns. Effective September physical distancing — 2 metres between households while in the market.

Dogs are NOT allowed in the market — service dogs only. Free admission. New Market Location! New Market Rules! After a decade of effort, a range of drastic modifications to the standard model can account for the historical equity premium.

It remains to be seen whether the drastic modifications and a high equity premium, or the standard model and a low equity premium, will triumph in the end. I conclude with a warning that low average returns does not imply one should change one's portfolio. Someone has to hold the market portfolio; one should only deviate from that norm if one is different from everyone else.

Download Citation Data. Where is the Market Going? Share Twitter LinkedIn Email. Working Paper DOI Issue Date February