BSI represents investors' expectations. Using the regression of data, we judge the relativity between BSI and the historicalyield. The conclusion is that stock market in short term is unpredictable.
By 2000, amid all the enthusiasm for the Internet, the dividend yield on American equities was just 1%, an historical nadir.
到2000年,在各界对互联网的巨大热情中,美国股票的股息利率只有1%,达到历史最低点。
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In practice, however, the international historical experience fails to yield convincing evidence of a positive relationship between financial integration and growth.