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>> MILK Latest News

MAR 29, 2013 - Business Insider

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Here's The Chart That Has Stock Market Bears Ripping Their Hair Out

The S&P 500 closed at an all-time high yesterday. And this comes as profit growth expectations continue to come down. "Profits are the mother's milk of stocks," says CNBC's Larry Kudlow famously.  And most experts agree with him. When stocks rise as earnings fall, this is called multiple expansion.  In other words, the price-earnings ratio is expanding.  In other words, stocks are getting more expensive. Many of the stock market bears have centered their investment theses based on deteriorating fundamentals (i.e. profits and profit expectations coming down).  And ... Read More

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