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Old 10-12-2005, 10:27 AM
eastbay eastbay is offline
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Join Date: Nov 2003
Posts: 647
Default Re: The Party\'s Over

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If you believe that stocks discount the future and that current price reflects everything known about the stock by all participants

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Except that "everything known" about the stock can be largely or completely off-base.

Anyone alive since 1999 should know this.

eastbay
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