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Old 01-04-2018, 07:01 PM   #11
reckless
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Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
From what I've read so far no one has offered a truly legitimate reason why the market will correct.

Rising stock prices do not stop rising simply because of ... rising stock prices ...

Markets don't correct solely because the markets have been going up ...

(Reversion to the mean is the silliest and most disproved 'truism' ever uttered in the discussion of the stock market.)

The major US companies that compose the Dow 30, S & P 500, etc., all received a 10-15 per cent boost in earnings per share simply by the passing of Trump's Tax Bill that lowered corporate tax rates from 35-40 per cent down to 21 per cent.

This bump in earnings is unencumbered and the financial different is all profit and lands straight on the bottom line. And this is before a single new and additional product and service is sold!

There are still dozens of well-known companies still available to buy at less than 10 times Free Cash Flow and a few dozen more selling at 15 times FCF and less.

Absolute steals and these companies all have 30-50 (and longer) year operating histories of success.
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