Words That Should Never be Used to Describe the Market

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by Chris Black

Transitory, priced in, correction, fairly valued.

Those things have no meaning in the new market.

Transitory means the prices are here to stay. Priced in means that a stock will rally another 30% on news that was already known, when it actually happens.

A correction doesn’t mean that the correct price is ever found, and only lasts for a few hours.

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Fairly valued now means a multiple higher than 100.

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