July 13 - Reuters Columnist James Saft says a lot of the returns on your equity stem from one source according to Fed research: FOMC rate meetings.
I'm -- columnist Jason. Most interesting piece of research across my -- this week comes from the New York. Which informs us. Since 1990. War. Only 8%. -- your -- Holding US shares. Pain in the 24. Hours leading after a that's right and if you exclude. Three game and go around there and seek game you would have. Europe excess rock and an eighteen year. Other researchers looked at a bunch of alternatives in this this all booting and it's essentially. A missed. And then after pricing model won't help. Well I got a simple explanation and it's called the bed. Since 1994 and the poor person Allen Greenspan and now Ben Bernanke written to the rescue every time equity it. Coming in with an easy to make sure -- And in fact traders are speculating you know period up to DNC. Has -- massive price well. They're doing it in the same way that she's towns like -- deliberate or. Not because they've done their homework Kansas sorts. In fact I ON CAA is a bit of a secularist. Yeah. Now. That's the reality we gotta ask is it -- Yeah -- is now we -- bubble after bubble and crash after crash it's not. Moreover if you're an equity -- ask yourself is this. Good way you make money and it's a horrible hole. Well we did well in the few years after the nineteen war and that. Decade many people had zero -- are all. And if -- or single source of excess return. Is essential. Which can change its mind you got a -- people -- It's something. Bad is going to have to stop -- more. When it does investors are gonna find it growing up our.