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| Re: | Samoyed Breeder Wanted | | Ad: | Stolen credit card http://www.cornwallfoodanddrink.co.uk/professional-papers-written/ mla format essays for sale military discount Shiller has shown that stock prices are far too volatile to be consistent with market efficiency. The logic is simple: Because a stock is an entitlement to a companyâ??s future dividends, a stock price should only fluctuate as the value of future dividends rises and falls. However, as any market-watcher knows, stock prices are incredibly volatile, even as dividends tend to be stable. The juxtaposition of these facts suggests that something beyond fundamentals drives stock fluctuations.
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