View: SP500-Price-Corrections-102017.png (982×517)
SP500-Price-Corrections-102017.png (982×517)
Clearly, the expected benefits of tax cuts and reforms is leading investors to overpay for something today they are hoping will become fairly valued tomorrow. In other words, instead of prices catching “down” to market fundamentals, investors are hoping fundamentals will “catch up” to prices.
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