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Old 08-12-2007, 09:55 PM
adios adios is offline
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Join Date: Sep 2002
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Default Re: The Federal Reserve: Love it or Hate it

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...Future earnings are attempted to be priced into securities. If indicies rise over an extensive time they are mispriced in the past. ...

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No that's wrong. Future earnings are priced into stocks (I assume that's what you mean here) but are discounted by a risk premium more or less.
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