Equity Market Valuation Cannot Outgrow The Economy Over The Long Run

Equity Market Valuation Cannot Outgrow The Economy Over The Long Run JC Han Independent July 1, 2000 Business Economics, Vol. 35, No. 3 (July 2000), pp. 53-58 Abstract: Macroeconomic Theory and historical evidence suggest that bond prices help cause long-run convergence between stock market and GDP growth. Over the very long term the total dividend and…