Rev Your Calculators

ON BALANCE

Results statements and share prices can reveal a lot about a company, including exchanges. Our weekly IMD Stock Index is a particularly good measure of an exchange's health.

Since we introduced the Stock Index in 2003, exchanges have been among the strongest of the companies we track. In 2005, they were by far the best performing group on a year to date basis, with a composite gain of 70 percent for the year (IMD, Jan. 2).

What's so attractive about exchanges? Well, in the words of our columni

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