Chicago Purchasing Managers,
244
China:
global market share of, 178,
179 i, 180, 180i
sector allocation and, 177
China Construction Bank, 175
China Mobile, 177, 183
China National Petroleum Cor-
poration, 182
Chrysler, 64
Chunghwa Telecom, 177
Cipsco (Central Illinois Public
Service Co.), 48
Circuit breakers, 276–277
Cisco Systems, 38, 57n, 89, 104,
155, 157, 176i
on Nasdaq, 44
Citigroup, 144, 175, 176i
Clinton, Bill, 75, 227, 238
Clough, Charles, 86
CNBC, 48, 88
Coca-Cola Co., 59i, 61, 64
Cognitive dissonance, 328
Colby, Robert W., 295–296
Colgate-Palmolive, 59i
Colombia Acorn Fund, 346
Comcast, 176
Common stock theory of invest-
ment, 82
Common Stocks as Long-Term In-
vestments(Smith), 79, 83, 201
Communications technology,
bull market and, 88
Compagnie Française des
Pétroles (CFP), 184
Conference Board, 244
Conoco (Continental Oil Co.),
57
ConocoPhillips, 176i, 177, 183
Consensus estimate, 239
Consumer choice, rational the-
ory of, 322
Consumer discretionary sector:
in GICS, 53
global shares in, 175i, 176
Consumer Price Index (CPI),
245
Consumer staples sector:
in GICS, 53
global shares in, 175i, 177
Consumer Value Store, 61
Contrarian investing, 333–334
Core earnings, 107–108
Core inflation, 245–246
Corn Products International,
47
Corn Products Refining, 47
Corporate earnings taxes,
failure of stocks as long-term
inflation hedge and, 202–203
Correlation coefficient, 168
Corvis Corporation, 156–157
Costs:
agency, 100
effects on returns, 350
employment, 246
interest, inflationary biases
in, failure of stocks as long-
term inflation hedge and,
203–204
pension, controversies in
accounting for, 105–107
Cowles, Alfred, 42, 83
Cowles Commission for
Economic Research, 42, 83
CPC International, 47
Crane, Richard, 61
Crane Co., 59i, 60i, 61
Cream of Wheat, 62
Creation units, 252
Crowther, Samuel, 3
Cubes (ETFs), 252
Currency hedging, 173
Current yield of bonds, 111
Cutler, David M., 224n
CVS Corporation, 61
Cyclical stocks, 144DaimlerChrysler, 176
Daniel, Kent, 326n
Dart Industries, 62
Dash, Srikant, 353n
Data mining, 326–327
David, Joseph, 21
DAX index, 238Day-of-the-week effects,
316–318, 317i
Day trading, futures contracts
and, 261
Dean Witter, 286
De Bondt, Werner, 302–303, 335
Defined benefit plans, 106–107
Defined contribution plans,
105–106
Delaware and Hudson Canal,
22
Deleveraging, 120
Del Monte Foods, 62
Department of Commerce, 203
Depreciation, failure of stocks
as long-term inflation hedge
and, 203
Deutsch, Morton, 324n
Deutsche Post, 177
Deutsche Telekom, 177
Dexter Corp., 21n
Diamonds (ETFs), 252
Dilution of earnings, 104
Dimensional Fund Advisors
(DFA) Small Company fund,
142 n
Dimson, Elroy, 18, 19n, 20
Discounts, futures contracts
and, 258
Distiller’s Securities Corp., 48
Distilling and Cattle Feeding,
47
in DJIA, 39i, 48
Diversifiable risk, 140
Diversification in world mar-
kets, 168–178
currency hedging and, 173
efficient portfolios and,
168–172, 169i–171i
private and public capital
and, 177–178
sector diversification and,
173–177, 174i
The Dividend Investor(Knowles
and Petty), 147
Dividend payout ratio, 101
Dividend policy, value of stock
as related to, 100–102Index 369