New Fortune 500 should tell you something.

老九 · 发表于 2009-4-19 06:32 PM

2009 Fortune 500 listed top 500 US companies made $98.9 billion compared to year ago $645.2 billion. Make that calculation and you should know our stock market valuation is still too high for even a deep recession.

mlif · 发表于 2009-4-19 07:15 PM

Aren't stock prices reflecting future cash flows rather than past?

oldfox · 发表于 2009-4-19 07:15 PM

大泡泡 · 发表于 2009-4-19 08:34 PM

Aren't stock prices reflecting future cash flows rather than past?
mlif 发表于 2009-4-19 20:15

then what is the future cash flows?

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