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The Wall Street Journal: Stocks are probably overpriced, but don’t be too sure


A recently published Global Investment Returns Yearbook produced for Credit Suisse provides information on different stock and bond markets going back to 1900. The report co-authored by Professor Elroy Dimson, Chairman of the Newton Centre for Endowment Asset Management at Cambridge Judge, investigates data from 11 countries going back to 1900. (subscription)

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