Quote:
Originally Posted by aceventura3
Over the long term the stock market reflects the true value of companies publicly traded.
|
Only the same way the atomic clock in Denver "reflects" the passage of time. But the fact is, a second as we define it hasn't actually passed until that clock says so.
The stock market DEFINES the value of companies. To say it "reflects" something in the real world beyond the emotional gut-level hunches of those engaged in it is absurd.
Plus, those who are watching the market closely right now for signs of economic indication aren't AT ALL looking at it in the long term.