Using around 8 million housing transactions in California from 1994 to 2017, I find that Chinese overseas buyers (COB) earn 4.5% lower returns than other cash buyers, controlling for market timing and location factors. The large gap in housing returns is driven by purchase prices instead of sale...

I examine the difference in news sentiment between stock price run-ups that crash (bubble stocks) and do not crash (non-bubble stocks). I find that bubble stocks have more negative sentiment in earnings news during their run-ups. The negative sentiment has predictive power up to two years in...