Fatal Attraction? Popular Modes of Inclusion in the Economic System

2002 ◽  
Vol 8 (1) ◽  
Author(s):  
Urs Stäheli
Keyword(s):  
Stock Market ◽  
Economic System ◽  
Stock Exchange ◽  
Turn Of The Century ◽  
Cultural Identities ◽  
Functional Systems ◽  
Fatal Attraction ◽  
Market Communication ◽  
Crowd Psychology ◽  
Inclusive Society

AbstractThe paper suggests a concept of the popular which understands itself as an alternative to mainstream Cultural Studies which refer to the Popular in terms of hegemonic articulations of socio-cultural identities such as gender, ethnicity, sexuality or class. In contrast, my contention is that the Popular is intrinsically linked to the universalism of functionally differentiated systems. The popular then describes how functional systems use the distinction between a universalistic semantics of inclusion and its seductive, hyper-universalistic exaggeration. At the turn of the century, it was crowd psychology (e.g. Le Bon) which provided the semantics to deal with the new forms of hyper-universalism. The paper uses this redefined notion of the popular for analyzing discourses on speculation and the stock exchange. It focuses on those semantics which implicitly problematize the process of inclusion by trying to make it more attractive. The inclusion of the speculator becomes a process of seduction, resulting in a precarious expansion of inclusion. It is discussed how such a ›massive universalism‹ is produced by stock market communication itself and how it relates to the modern ideal of a more and more inclusive society.

scholarly journals ECONOMIC INDEX OF STOCK MARKET OVERBOUGHT AND OVERSOLD

2019 ◽  
Vol 4 (3) ◽  
pp. 253-259
Author(s):  
Nadiya REZNIK ◽  
Anton TRYHUBCHENKO
Keyword(s):  
Stock Market ◽  
Economic System ◽  
Financial Literacy ◽  
Stock Exchange ◽  
Evaluation Criteria ◽  
Market Condition ◽  
Wall Street ◽  
Macroeconomic Indicators ◽  
Analytical System ◽  
Stock Market Trading

Introduction. Our stock market and stock exchange infrastructure are far behind European or US counterparts. Borrowing from them the experience of creating and using the developments in the domestic market will allow to develop the economy. Foreign indicators, research and sources, most of which are in the open, can give impetus to young and prospective scientists to improve the economic system in general and the development of the stock market in particular. The imperfection of the domestic legislation and the lack of transparency in the economic system do not allow to develop the stock market fully and effectively. It is not possible to find the perfect metric for every market, for every generation and for every asset, but it is possible and necessary to look for ways of analyzing and exploring data to be able to extrapolate them to current economic and geopolitical conditions. The purpose of the study is to analyze one of the known in the West indexes, but not common in the domestic expanses in the world of finance and quotations on Wall Street. Objectives of the article: increase the financial literacy of the population; to encourage prospective specialists to develop the stock market; to analyze known world sources and economic indicators; to convey the opportunity and feasibility of analyzing the economy based on stock market analysis. Conclusions. An important advantage of this indicator is its consolidated structure and the presence of several evaluation criteria. An easy and understandable form of presentation and prognostic character are also additional positive features. Skeptics argue that this index is more a tool for researching the current market condition than a predictive indicator, also pointing to its volatile nature and not always accurate signals. It is definitely worth using this indicator in your own analytical system, but it needs to be analyzed in parallel with other macroeconomic indicators. Keywords: stock market, economy, stock market, trading, volatility, stocks, bonds, options, futures.

META-ANALYSIS ON AMERICAN PRESIDENTIAL ELECTION - 2016 AND AMERICAN STOCK MARKET

2020 ◽  
Vol 38 (1) ◽  
Author(s):  
Farhan Ahmed ◽  
Salman Bahoo ◽  
Sohail Aslam ◽  
Muhammad Asif Qureshi
Keyword(s):  
Content Analysis ◽  
Stock Market ◽  
Event Study ◽  
Presidential Election ◽  
Republican Party ◽  
Stock Exchange ◽  
Meta Analysis ◽  
Composite Index ◽  
Stock Index ◽  
Political Event

This paper aims to analyze the efficient stock market hypothesis as responsive to American Presidential Election, 2016. The meta-analysis has been done combining content analysis and event study methodology. The all major newspapers, news channels, public polls, literature and five important indices as Dow Jones Industrial Average (DJIA), NASDAQ Stock Market Composit Indexe (NASDAQ-COMP), Standard & Poor's 500 Index (SPX-500), New York Stock Exchange Composite Index (NYSE-COMP) and Other U.S Indexes-Russell 2000 (RUT-2000) are critically examined and empirically analyzed. The findings from content analysis reflect that stunned winning of Mr Trump from Republican Party worked as shock for American stock market. From event study, findings confirmed that all the major indices reflected a decline on winning of Trump and losing of Ms. Clinton from Democratic. The results are supported empirically and practically through the political event like BREXIT that resulted in shock to Global stock index and loss of $2 Trillion.

Momentum Effect in Stock Market: Empirical Evidence from Pakistan Stock Exchange

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Shahid Rasheed ◽  
Umar Saood ◽  
Waqar Alam
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Stock Markets ◽  
Stock Exchange ◽  
Momentum Effect ◽  
Using Data

This study aims to examine the momentum effect presence in selected stocks of Pakistan stock market using data from Jan 2007 to Dec 2016. This study constructed the strategies includes docile, equal weighted and full rebalancing techniques. Data was extracted from the PSX – 100 index ranging from 2007 to 2016. STATA coding ASM software was used for calculating momentum portfolios, finally top 25 stocks were considered as a winner stocks and bottom 25 stocks were taken as a loser stocks. In conclusion, the results of the study found a strong momentum effect in Pakistan stock exchange PSX 100- index. As by results it has been observed that a substantial profit can earn by the investors or brokers in constructing a portfolio with a short formation period of three months and hold for 3, 6 and 12 months. There is hardly a study is present on the same topic on Pakistan Stock Exchange as preceding studies were only conducted on individual stock markets before merger of stock markets in Pakistan while this study leads the explanation of momentum phenomenon in new dimension i.e. Pakistan Stock Exchange. Keywords: Momentum, Portfolio, Winner Stocks, Loser Stocks

Stock Market Calendar Anomalies: Evidence from Tehran Stock Exchange (TSE)

2013 ◽  
Author(s):  
Mohsen Khotanlou ◽  
Mahdi Mahdavikhou ◽  
Pezhman Etemadfuroghi
Keyword(s):  
Stock Market ◽  
Stock Exchange ◽  
Calendar Anomalies

Risk-Managed Momentum: An Evidence from Indian Stock Market

2021 ◽  
pp. 231971452110230
Author(s):  
Simarjeet Singh ◽  
Nidhi Walia ◽  
Pradiptarathi Panda ◽  
Sanjay Gupta
Keyword(s):  
Stock Market ◽  
Asset Management ◽  
Stock Exchange ◽  
Sharpe Ratio ◽  
Relative Momentum ◽  
Extended Time ◽  
Momentum Strategies ◽  
Momentum Profits ◽  
Indian Stock Market ◽  
Time Frames

Relative momentum strategies yield large and substantial profits in the Indian Stock Market. Nevertheless, relative momentum profits are negatively skewed and prone to occasional severe losses. By taking into consideration 450 stocks listed on the Bombay Stock Exchange, the present study predicts the timing of these huge momentum losses and proposes a simple risk-managed momentum approach to avoid these losses. The proposed risk-managed momentum approach not only doubles the adjusted Sharpe ratio but also results in significant improvements in downside risks. In contrast to relative momentum payoffs, risk-managed momentum payoffs remain substantial even in extended time frames. The study’s findings are particularly relevant for asset management companies, fund houses and financial academicians working in the area of asset anomalies.

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