Is There Room for Bulls, Bears, and States in the Circuit?

the search for the self in becketts theatre: waiting for godot and endgame

this thesis is based upon the works of samuel beckett. one of the greatest writers of contemporary literature. here, i have tried to focus on one of the main themes in becketts works: the search for the real "me" or the real self, which is not only a problem to be solved for beckett man but also for each of us. i have tried to show becketts techniques in approaching this unattainable goal, base...

Long-run Bulls and Bears∗

A central challenge in asset pricing is the weak connection between stock returns and observable economic fundamentals. We provide evidence that this connection is stronger than previously thought. We use a modified version of the Bry-Boschan algorithm to identify long-run swings in the stock market. We call these swings long-run bull and bear episodes. We find that there is a high correlation ...

Bulls, Bears and Market Sheep*

Much has been written about the efficiency of markets in general and of the market for equities in particular, and of its implications for the more-orless random-like behavior of stock prices. The conventional argument is that opportunistic trading by rational investors will arbitrage away any gains that can be made from predictable patterns; what is left are the perturbations in asset values c...

Bulls, Bears, and Retirement Behavior

Is there room for the soul?

A mind is a tough thing to think about. Consciousness is the defining feature of the human species. But is it possible that it is also no more than an extravagant biological add-on, something not really essential to our survival? That intriguing possibility plays on my mind as I cross the plaza of the Salk Institute for Biological Studies, a breathtaking temple of science perched on a high bluf...