*The feedback loop is simple:
Markets rise → Public confidence holds → Political risk premiums fall → Markets rise again.
…for a while I thought that the stock market was just ignoring po...
The story in 1999 was buy the internet --- QCOM, RFMD, CSCO, P/E ratios of 180+.
Fed Pres. Greenspan said, "increased productivity justifies" exorbitant valuations. 25 years later, CSCO for example just recently recovered its price that it posted in 2000. That's where we are at today.
Fed Pres. Greenspan said, "increased productivity justifies" exorbitant valuations. 25 years later, CSCO for example just recently recovered its price that it posted in 2000. That's where we are at today.