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I think the market is now trading where it should have been all along, were it not for the hyper-inflated values of so many stocks, based largely on "engineered profits" - e.g., false reporting by the majority of reporting companies.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich