Oprea, Dragos Stefan; Brad, Laura - In: International Journal of Academic Research in … 4 (2014) 2, pp. 19-25
relationship between the evolution of stock market and the individual investor sentiment, proxy by the consumer confidence index … stock market returns, demonstrating that individual investor sentiment affects stock prices. However, the influence of … individual investor sentiment seems to be quickly removed by the force of arbitrage. The price adjustments are realized in less …