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9 - Conclusion

Published online by Cambridge University Press:  14 July 2022

James J. Park
Affiliation:
University of California, Los Angeles
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Summary

At the start of 2020, the COVID-19 pandemic posed an unprecedented threat to the economy and stock market valuations. Stock prices plummeted in March 2020 as the nation shut down, and many public companies suspended their forecasts because they no longer had confidence that they could predict their financial performance. Surprisingly, the market started to recover over the spring and summer. By the fall, the S&P 500 reached the level it was at before the start of the pandemic. By the end of 2020, the market saw a significant annual gain.

Type
Chapter
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The Valuation Treadmill
How Securities Fraud Threatens the Integrity of Public Companies
, pp. 147 - 148
Publisher: Cambridge University Press
Print publication year: 2022

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  • Conclusion
  • James J. Park, University of California, Los Angeles
  • Book: The Valuation Treadmill
  • Online publication: 14 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108938556.009
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  • Conclusion
  • James J. Park, University of California, Los Angeles
  • Book: The Valuation Treadmill
  • Online publication: 14 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108938556.009
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • James J. Park, University of California, Los Angeles
  • Book: The Valuation Treadmill
  • Online publication: 14 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108938556.009
Available formats
×