Securities Industry Association Senior Vice President and Chief Economist Frank Fernandez predicts that the growth in the markets will continue, although at a more modest pace, in the near future. In the latest issue of SIA's Research Reports, Fernandez also reviews recent research on the usefulness of models that attempt to explain stock-price changes and the impact of inflation on investor expectations of stock returns. The publication also explores fair-value pricing and the role it is playing in some accounting issues. SIA Vice President Kyle Brandon cites its importance in the adoption of international financial reporting standards and fair value in mutual-fund pricing. The monthly statistical review is also included. The report:
http://www.sia.com/research/pdf/RsrchRprtVol5-2.pdf.
