1916~191810.21110.2

19176.803373.4033

19199.51119.6

19216.453263.9047

192331.92381.0

19324.408641.289

193718.68197.4

19388.505599.050

193913.23158.0

19427.474492.941

194619.25212.5

194913.5530161.224

195226.60292.0

1952~195322.7015256.013

195649.70521.0

195739.0024420.020

196176.70735.0

196254.8029536.027

表8股票市场行为的画像：1871~1960和1947~1963（注a）

时期平均平均平均平均平均平均年增长率

价格收益p/e比红利收入付出收益红利

1871~18803.580.3211.30.216.067

1881~18905.000.3315.60.244.775-0.64-0.66

1891~19004.650.3015.50.194.064-1.04-2.23

1901~19108.320.6313.10.354.258+6.91+5.33

1911~19208.620.8610.00.505.858+3.85+3.94

1921~193013.891.0513.30.715.168+2.84+2.29

1931~194011.550.6817.00.785.185-2.15-0.23

1941~195013.901.469.50.876.360+10.60+3.25

1951~196039.203.00113.11.634.254+6.74+5.90

1947~194915.712.187.10.976.445

1954~195638.192.5615.11.644.3652.40(c)7.80(c)

1961~196366.103.6618.12.143.2585.15(c)4.42(c)

a.数据主要取自n.molodovsky的《股票价值和股票价格》。