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The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.

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Local currency government bond markets are also important management strategies. The Debt Financial Analysis System of the United Nations Conference.

Figure 1.1 Ownership of Equities and Bonds Rose Between 1989 and 2001, but Has Since Tapered Off 6 Figure 1.2 Equities Are the Driving Force in Overall Ownership Rates 7 Figure 1.3 Most Bond Owners Are Also Equity Owners

3 Contents IX Globalization of Securities Markets 44 Growing Importance of International Markets 44 / International Investment Performance 45 / Ways to Invest in Foreign Securities 46 / Risks of Investing Internationally 46 Trading Hours…

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