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I think all you're saying is that eventually sentiment bends toward economic reality.
by metalliqaz 7y ago
I think all you're saying is that eventually sentiment bends toward economic reality.
- harryh 7y agoNo, I'm saying that eventually the value of a company is based on actual economic reality and not sentiment. Companies are either profitable or not. They either grow or not. In the end, share prices are based on these things, not just the whims of investors. The stock market is not trading in baseball cards.