Europe:
global market share of, 179,
179 i, 180i
sector allocation and, 175i,
177
Evans, Richard E., 356
“Everybody Ought to Be Rich”
(Crowther), 3
Excess returns, 215
Excessive trading, 325–328
Exchange-rate policies, stock
market crash of 1987 and,
274–275
Exchange-traded funds (ETFs),
252–253, 258, 342
authorized participants and,
252
choosing, 262–264, 263i
creating, 258
creation units and, 252
cubes, 252
diamonds, 252
exchanges in kind and, 253
spiders, 252
using, 261–262
Exchanges in kind, 253
Exelon Corp., 177
Extraordinary Delusions and the
Madness of Crowds(Mackay),
324
Exxon, 55
Exxon Mobil, 40, 144, 176i,
177–178, 183
Fads, 323–325
Fama, Eugene, 140–141, 152, 157
Fannie Mae, 54, 116
“Fear and Greed” (Shulman), 86
Fed model, 113–115, 114i
Federal funds market, 196
Federal funds rate, 196
Federal Reserve System (Fed):
dollar stabilization program
and, 274
establishment of, 191–192
Great Depression and, 79
interest rates and, 196, 197i,
198–199
Federal Reserve System (Fed)
(Cont.):
money creation and, 195–196
postdevaluation monetary
policy and, 193–194
postgold monetary policy
and, 194–195
rate cuts following 1998 fall
on DJIA, 88
Fernandez, Henry, 356n
Fidelity Magellan Fund,
345–346, 348
Financial Accounting Standards
Board (FASB), 102–103
Financial Analysts Journal, 97
Financial markets:
central bank policy and,
247
inflation’s impact on, 246
Financial sector:
in GICS, 53
global shares in, 175, 175i
Firestone, 64
First National Bank of
Pennsylvania, 21n
First Union Bank, 21n
Fischhoff, B., 326n
Fisher, Irving, 4n, 23q, 78–79, 79,
80, 86, 201n
Fisher, Lawrence, 45, 84
Fisher effect, 201–202
Fixed-income assets:
fall in returns on, 15–16
real returns on, 14–16, 15i
(See alsoBonds)
Flintkote, 60i, 62–63, 64
Float-adjusted shares, in
capitalization-weighted
indexing, 353
Foman, Robert, 85
Ford, Gerald, 216
Ford Motor Company, 64
Foreign exchange risk, hedging,
173
Foreign markets (seeGlobal
investing)
Fortune Brands, 48, 61, 61n
Forward-looking bias, 330Franklin, Benjamin, 65q
Franklin Templeton, 346
Freddie Mac, 54, 116
French, Ken, 140–141, 152,
157
Friedman, Robert, 108n
Froot, Kenneth A., 173n
FT-SE index, 238
Fund performance, 342–346,
343 i–345i
Fundamental analysis (see
Technical analysis)
“Fundamental Indexation”
(Arnott, Hsu, and Moore),
356
Fundamentally weighted
indexation, 353–357
capitalization-weighted
indexingversus, 353–355
history of, 356–357
Fundamentals, 110
Futures contracts (seeStock
index futures)Gaps, 275–276
Gartley, H. M., 295n
Gazprom, 177, 182–183
General Electric, 47, 54, 56i, 57,
89, 176i, 177
in DJIA, 38, 39i, 48
General Foods, 60i, 62
General Motors, 40, 56i, 58, 64,
149 n, 183
The General Theory(Keynes),
287, 364
Generally accepted accounting
principles (GAAP), 103
Genstar, 63
Geometric return, 22
George, Thomas J., 302n
Gerard, Harold B., 324n
Gervais, Simon, 326n
Glassman, James, 88, 147
GlaxoSmithKline, 177
Glickstein, David, 290n
Global Crossing, 64
Global Industrial Classification
Standard (GICS), 52–53Index 371