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The Party's Over

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10-12-2005, 10:27 AM

eastbay

Senior Member

Join Date: Nov 2003

Posts: 647

Re: The Party\'s Over

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

[/ QUOTE ]

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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