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ralph lauren polo

 
Terence t. l. Chong and Xiaolei Wang
 
''Can analyst predict stock market crashes?''
( 2013, Vol. 33 No.1 )
 
 
The frequency of financial market turmoil has been rising over the past two decades. While the incidence of market turmoil has increased, the performance of analysts during tumultuous times has not received much attention in the literature. This paper examines whether the accuracy of analyst forecasts on stock returns varies during tumultuous times. Our results indicate that analysts' forecast performance during stock market crashes drops significantly.
 
 
Keywords: Analyst forecast dispersion, Stock market crash, Excess returns.
 
Manuscript Received : Dec 26 2012 Manuscript Accepted : Jan 14 2013

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