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- Title
Three Major Forces in the Stock Market.
- Authors
Shelton, John P.
- Abstract
The article focuses on the roles that three major forces play in the stock market's actions from the 1950s through 1963. It states that institutional buyers, large individual investors, and small individual investors have a significant influence on the stock market, but that the market decline during the first half of 1962 could be attributed primarily to the large individual investor. It comments on odd lot purchasing by small investors and mentions that statistical evidence supports the suspicion that small individual buyers have been a significant force in pushing the stock market high in relation to yields. It states that information from the U.S. Securities & Exchange Commission suggests that institutional buyers play a greater role than individual investors.
- Subjects
UNITED States; STOCK exchanges; INSTITUTIONAL investments; INVESTORS; SOCIAL role; ODD lot trading; STOCKS (Finance); UNITED States. Securities &; Exchange Commission; MONEY market; QUANTITATIVE research; NEW York Stock Exchange
- Publication
California Management Review, 1963, Vol 5, Issue 3, p73
- ISSN
0008-1256
- Publication type
Article
- DOI
10.2307/41165535