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re: what's supporting the market?
Posted on 4/12/11 at 11:35 pm to Nyala
Posted on 4/12/11 at 11:35 pm to Nyala
Liquidity is being pumped into the system would be my guess, but fundamental analysis will rarely amount to anything significant in the stock game. i.e., YHOO had 700x PE in 1999. Everyone knew this wasn't sustainable. Some went short. YHOO continued to a PE of 2000x before the tech bubble burst. The fundamentalists were correct, but were not profitable.
1
Posted on 4/13/11 at 7:36 am to Trender
What "fundamentalist" was "correct" with Yahoo at a P/E of 2000x?
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