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This is assuming valuations are based off fundamentals. The market is absolutely disconnected from what companies can actually deliver, and instead has become
by nscalf 6y ago
This is assuming valuations are based off fundamentals. The market is absolutely disconnected from what companies can actually deliver, and instead has become a place to park the surplus of money in the system.
- dd36 6y agoYeah. I was trained as a fundamental analyst. Multiple expansion doesn’t even explain the relative valuations. It feels like a popularity contest sometimes.