<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>CXO Advisory &#187; Equity Premium</title>
	<atom:link href="http://www.cxoadvisory.com/equity-premium/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.cxoadvisory.com</link>
	<description></description>
	<lastBuildDate>Fri, 10 Feb 2012 19:21:54 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Stocks versus Bonds as Investment Horizon Lengthens [PREMIUM]</title>
		<link>http://www.cxoadvisory.com/18276/equity-premium/stocks-versus-bonds-as-investment-horizon-lengthens/</link>
		<comments>http://www.cxoadvisory.com/18276/equity-premium/stocks-versus-bonds-as-investment-horizon-lengthens/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 11:02:05 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Equity Premium]]></category>
		<category><![CDATA[Strategic Allocation]]></category>
		<category><![CDATA[Volatility Effects]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=18276</guid>
		<description><![CDATA[Should investors believe in the superiority of stocks for the long run and bonds for the short run? In his December 2011 paper entitled &#8220;Stocks, Bonds, Risk, and the Holding Period: An International Perspective&#8221;, Javier Estrada examines how the absolute and relative risks of stocks and bonds evolve as investment horizon grows (time diversification). Considering <a href="http://www.cxoadvisory.com/18276/equity-premium/stocks-versus-bonds-as-investment-horizon-lengthens/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/18276/equity-premium/stocks-versus-bonds-as-investment-horizon-lengthens/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha in Emerging Markets? [PREMIUM]</title>
		<link>http://www.cxoadvisory.com/17823/equity-premium/alpha-in-emerging-markets/</link>
		<comments>http://www.cxoadvisory.com/17823/equity-premium/alpha-in-emerging-markets/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 11:05:36 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=17823</guid>
		<description><![CDATA[Are the least developed markets also the least efficient, and therefore the best places to look for alpha? Two recent papers address this question for large, sophisticated investors (institutional funds). In the October 2011 version of their paper entitled &#8220;Does Active Management Pay? New International Evidence&#8221;, Alexander Dyck, Karl Lins and Lukasz Pomorski examine the performance <a href="http://www.cxoadvisory.com/17823/equity-premium/alpha-in-emerging-markets/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/17823/equity-premium/alpha-in-emerging-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Frontier Market Costs and Benefits [PREMIUM]</title>
		<link>http://www.cxoadvisory.com/17102/equity-premium/frontier-market-costs-and-benefits/</link>
		<comments>http://www.cxoadvisory.com/17102/equity-premium/frontier-market-costs-and-benefits/#comments</comments>
		<pubDate>Mon, 24 Oct 2011 10:08:43 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=17102</guid>
		<description><![CDATA[Do relatively high trading frictions in the least developed equity markets offset associated diversification benefits? In the October 2011 version of their paper entitled &#8220;Frontier Market Diversification and Transaction Costs&#8221;, Ben Marshall, Nhut Nguyen and Nuttawat Visaltanachoti examine this trade-off in 19 frontier stock markets (Argentina, Bahrain, Bulgaria, Croatia, Estonia, Jordan, Kuwait, Lebanon, Lithuania, Oman, Pakistan, <a href="http://www.cxoadvisory.com/17102/equity-premium/frontier-market-costs-and-benefits/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/17102/equity-premium/frontier-market-costs-and-benefits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Worldwide Equity Risk Premium [PREMIUM]</title>
		<link>http://www.cxoadvisory.com/732/equity-premium/the-worldwide-equity-risk-premium/</link>
		<comments>http://www.cxoadvisory.com/732/equity-premium/the-worldwide-equity-risk-premium/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 10:03:58 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com.php5-14.websitetestlink.com/?p=732</guid>
		<description><![CDATA[What is the state of the equity risk premium across global markets? In the October 2011 version of their paper entitled &#8220;Equity Premia Around the World&#8221;, Elroy Dimson, Paul Marsh, and Mike Staunton update their estimates of equity risk premiums for 19 country markets and a worldwide aggregate relative to both short-term government bills and long-term government bonds <a href="http://www.cxoadvisory.com/732/equity-premium/the-worldwide-equity-risk-premium/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/732/equity-premium/the-worldwide-equity-risk-premium/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Equity Risk Premium Book Learning</title>
		<link>http://www.cxoadvisory.com/2240/equity-premium/equity-risk-premium-book-learning/</link>
		<comments>http://www.cxoadvisory.com/2240/equity-premium/equity-risk-premium-book-learning/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 17:24:29 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com.php5-14.websitetestlink.com/?p=2240</guid>
		<description><![CDATA[...while mid-single digits may be a reasonable rough estimate for the equity risk premium, there is not a generally accepted value for it or method of estimating it.]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/2240/equity-premium/equity-risk-premium-book-learning/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Notes on Variability of Stock Market Returns</title>
		<link>http://www.cxoadvisory.com/3402/big-ideas/notes-on-variability-of-stock-market-returns/</link>
		<comments>http://www.cxoadvisory.com/3402/big-ideas/notes-on-variability-of-stock-market-returns/#comments</comments>
		<pubDate>Tue, 07 Jun 2011 10:03:19 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Big Ideas]]></category>
		<category><![CDATA[Equity Premium]]></category>
		<category><![CDATA[Volatility Effects]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com.php5-14.websitetestlink.com/?p=3402</guid>
		<description><![CDATA[How should the variability of stock market returns shape the outlooks of short-term traders and long-term investors? How strong is the tailwind of the general drift upward in stock prices? How powerful is the turbulence of variability? Does the tailwind ever overpower the turbulence? Using weekly closes for the S&#38;P 500 Index during for January <a href="http://www.cxoadvisory.com/3402/big-ideas/notes-on-variability-of-stock-market-returns/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/3402/big-ideas/notes-on-variability-of-stock-market-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2011 Country Equity Risk Premiums from Academia and Practitioners</title>
		<link>http://www.cxoadvisory.com/13634/equity-premium/2011-country-equity-risk-premiums-from-academia-and-practitioners/</link>
		<comments>http://www.cxoadvisory.com/13634/equity-premium/2011-country-equity-risk-premiums-from-academia-and-practitioners/#comments</comments>
		<pubDate>Tue, 03 May 2011 17:16:53 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/equity-premium/2011-country-equity-risk-premiums-from-academia-and-practitioners/</guid>
		<description><![CDATA[What are the current academic and practitioner estimates of the annual premiums over the risk-free rate demanded for each country by equity investors. In their April 2011 paper entitled &#8220;Market Risk Premium Used in 56 countries in 2011: A Survey with 6,014 Answers&#8221;, Pablo Fernandez, Javier Aguirreamalloa and Luis Corres summarize the results of a <a href="http://www.cxoadvisory.com/13634/equity-premium/2011-country-equity-risk-premiums-from-academia-and-practitioners/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/13634/equity-premium/2011-country-equity-risk-premiums-from-academia-and-practitioners/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The 2011 U.S. Equity Risk Premiums from Academia and Practitioners</title>
		<link>http://www.cxoadvisory.com/13357/equity-premium/the-2011-equity-risk-premiums-from-academia-and-practitioners/</link>
		<comments>http://www.cxoadvisory.com/13357/equity-premium/the-2011-equity-risk-premiums-from-academia-and-practitioners/#comments</comments>
		<pubDate>Mon, 11 Apr 2011 16:07:31 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=13357</guid>
		<description><![CDATA[What are the current academic and practitioner estimates of the annual premium over the risk-free rate demanded by investors in U.S. equity. How has that estimate changed over the past year? In their April 2011 paper entitled &#8220;US Market Risk Premium used in 2011 by Professors, Analysts and Companies: A Survey with 5.731 Answers&#8221;, Pablo <a href="http://www.cxoadvisory.com/13357/equity-premium/the-2011-equity-risk-premiums-from-academia-and-practitioners/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/13357/equity-premium/the-2011-equity-risk-premiums-from-academia-and-practitioners/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Technical Boost to Fundamental Stock Market Forecasting? [PREMIUM]</title>
		<link>http://www.cxoadvisory.com/12909/fundamental-valuation/technical-boost-to-fundamental-stock-market-forecasting/</link>
		<comments>http://www.cxoadvisory.com/12909/fundamental-valuation/technical-boost-to-fundamental-stock-market-forecasting/#comments</comments>
		<pubDate>Thu, 31 Mar 2011 10:12:06 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>
		<category><![CDATA[Fundamental Valuation]]></category>
		<category><![CDATA[Technical Trading]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=12909</guid>
		<description><![CDATA[Do technical indicators add value to fundamental indicators in assessing broad stock market valuation? In their March 2011 paper entitled &#8220;Forecasting the Equity Risk Premium: The Role of Technical Indicators&#8221;, Christopher Neely, David Rapach, Jun Tu and Guofu Zhou examine the powers of technical and fundamental indicators to predict stock market returns. They consider 12 <a href="http://www.cxoadvisory.com/12909/fundamental-valuation/technical-boost-to-fundamental-stock-market-forecasting/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/12909/fundamental-valuation/technical-boost-to-fundamental-stock-market-forecasting/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Generation of Disappointed U.S. Equity Investors?</title>
		<link>http://www.cxoadvisory.com/12006/equity-premium/a-generation-of-disappointed-u-s-equity-investors/</link>
		<comments>http://www.cxoadvisory.com/12006/equity-premium/a-generation-of-disappointed-u-s-equity-investors/#comments</comments>
		<pubDate>Thu, 17 Feb 2011 11:15:58 +0000</pubDate>
		<dc:creator>Steve LeCompte</dc:creator>
				<category><![CDATA[Equity Premium]]></category>

		<guid isPermaLink="false">http://www.cxoadvisory.com/?p=12006</guid>
		<description><![CDATA[How have S&#38;P 500 firms performed over the past two decades, in aggregate and individually, relative to reasonable investor expectations? In their February 2011 brief entitled &#8220;Shareholder Value Creators in the S&#38;P 500: 1991-2010&#8243;, Pablo Fernandez, Javier Aguirreamalloa and Luis Corres tabulate the creation of value by major U.S. firms for long-term shareholders relative to <a href="http://www.cxoadvisory.com/12006/equity-premium/a-generation-of-disappointed-u-s-equity-investors/"><strong>More...</strong></a>]]></description>
		<wfw:commentRss>http://www.cxoadvisory.com/12006/equity-premium/a-generation-of-disappointed-u-s-equity-investors/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

