Market Expectations and Mean Reversion

An interesting post here:

The market is currently extremely pessimistic even accounting for the expectations that corporate profits at 10% of GDP and (unsustainably) too high will decline.  If the US wants to create jobs then lower tax rates and allow foreign cash to return without penalty–unleash investment.

http://scottgrannis.blogspot.com/2011/11/corporate-profits-are-still-very-strong.html

Who said life was easy!

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