id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3185	Johnson, Mark A.; Naka, Atsuyuki	Downside risk: what the consumer sentiment index reveals	2014	17	.pdf	application/pdf	8842	515	61	To test asymmetric responses with respect to consumer sentiment, the consumer sentiment index compiled by the University of Michigan is divided into positive changes and negative changes, where negative consumer sentiment indicates pessimistic feelings about future economic prospects, or aggravation of losing wealth and positive sentiment indicates the opposite. FINSER_23_1 Downside risk: what the consumer sentiment index reveals Mark A. Johnsona,*, Atsuyuki Nakab aDepartment of Finance, The Sellinger School of Business and Management, Loyola University Maryland, 4501 North Charles Street, Baltimore, MD 21210, USA bDepartment of Economics and Finance, College of Business Administration, University of New Orleans, 2000 Lakeshore Drive, New Orleans, LA 70148, USA Abstract This article examines the ability of consumer sentiment for different age groups to forecast short-term as well as long-term equity returns.	cache/fsr-3185.pdf	txt/fsr-3185.txt