I have a second question about shares today…
I have a recollection over the years of hearing market analysts say words to the effect of “I don’t understand how the market evaluates companies, it seems as if the textbook rules don’t apply any more”. I’ve heard this many times, usually on the television. Unfortunately I have long since forgotten who the analysts were or what the programs were. But now I need a reference or two for some quotes along these lines. Any suggestions?
N.B. Presumably these statements will be made by people during phases when an ABCT bubble is in full swing.