I'd like to think my analogies apply to overall market pricing, hence market movement, too. If anything, the correlation should be even stronger than security-specific examples. The S&P 500 compounded at 10% annual rate in the past because earnings have also compounded at similar rate, right?
I'd like to think my analogies apply to overall market pricing, hence market movement, too. If anything, the correlation should be even stronger than security-specific examples. The S&P 500 compounded at 10% annual rate in the past because earnings have also compounded at similar rate, right?