NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The "CAPS" Prediction System and Stock Market Returns

Christopher Avery, Judith A. Chevalier, Richard J. Zeckhauser

NBER Working Paper No. 17298
Issued in August 2011

---- Acknowledgements -----

We appreciate the efforts of the Motley Fool Company in making data available to us. Avery and Zeckhauser gratefully acknowledge support from the Alfred P. Sloan Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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