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Counter point: Numerous financial experts assert the current valuations within the stock market do not reflect the underlying fundamentals; or, in other words,
by 6stringmerc 11y ago
Counter point:
Numerous financial experts assert the current valuations within the stock market do not reflect the underlying fundamentals; or, in other words, ZIRP allows for cheap debt in the bond markets which many firms are using to aggressively buy back stock, thereby artificially inflating the market value. Thus, "a correction" is due and his statement is still valid from a conservative investing standpoint.