# Professor Aswath Damodaran's research on the bond market is referenced

1 Faculty News December 7, 2016 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://www.wsj.com/articles/the-end-of-the-bond-bull-market-will-hurt-stock-investors-too-1481145952) -- "Historically, stocks have been superior no matter how the bond market has performed. But a concurrent bond bull has aided stocks even more. For instance, during the secular bear market in bonds from 1946 through 1981, the S&P 500 generated a 10.7% annualized return. That turned a stock investment of $10,000 into about $352,000, or roughly 14 times as much as one in 10-year Treasury notes, based on data provided by New York University professor [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran)."

[Read more](http://www.wsj.com/articles/the-end-of-the-bond-bull-market-will-hurt-stock-investors-too-1481145952)