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What Happened Next - Fat Tail Daily
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What Happened Next - Fat Tail Daily
Yesterday, we looked at the attempt to hijack trillions of dollars…from the many (present and future) to the few. Owners of ‘hot’ stocks, for example, are pricing their assets based on earnings that might occur far into the future. At current prices, the MAG 7 stocks anticipate sales and profits for Apple, Google, Microsoft…etc… as far ahead as 2066 (p/e = 41 times current annual earnings). Money Talks News: Record American Stock Holdings Echo …
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