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Economic Commentary

Stock Market Fundamentals

The Great Bull Market of 1996-97 has caught the attention of stock market professionals and individual investors alike. Because the stock market serves as an economic indicator and a possible source of economic disturbances, its recent movements have captured the interest of policymakers as well.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Haubrich, Joseph G. 1997. “Stock Market Fundamentals.” Federal Reserve Bank of Cleveland, Economic Commentary 1/15/1997.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International