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23
Stock prices rose faster than earnings. Why is this bad?
The net price of an asset should reflect the net benefit you expect to get from the asset over the period you own it. This is why it was said that the price did not reflect the "market fundamentals".
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010