Hengelbrock, Jördis; Theissen, Erik; Westheide, Christian - 2011
-based sentiment indicators from two countries (Germany and the US). Consistent with previous research we find there is predictability … at intermediate time horizons. For the US, however, the predictability disappears after 1994. Using event study … same as that of the predictability over the intermediate term. This finding is consistent with the idea that sentiment is …