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mkjmabrey mkjmabrey
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The confidence index indicates a strong stock market when the

▸ ratio of the average yield on high-grade corporate bonds to the average yield on low-grade corporate bonds rises.

▸ ratio between the average yield on S&P 500 stocks to the average yield on high-grade corporate bonds rises.

▸ consumer confidence index rises above its long-term trend.

▸ demand for bonds declines relative to the demand for equity securities.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


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relisabethrelisabeth
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