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Matters Of The Utmost Concern
I'm as exhausted with narrow market laments -- the jeremiads of disgruntled bears citing "extreme co
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It’s scary if you still believe that stocks are, indeed, shares rather than simply something to trade. Shares as a sliver of ownership in profits and cash flows generated by a company.
You can convince me that earnings and cashflows do matter over a longer horizon, but in the shorter term, stocks have become just another something to trade. Really not all that different than gold and crypto which most everyone tries to dismiss because “there’s no way to value them!”
I am worried about the world as well.
Don’t quote me but I recall reading some research, somewhere, for what it is worth, that market concentration does not necessarily lead to a market fall off.