collected by :Jack Luxor
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On how the stock market's story differs from company-specific stories:"The market does tell a story but it's more of a Game of Thrones story than Snow White. […]"I think Uber actually is not going to have trouble on the revenue side. "This book is as much about my journey from just trusting the numbers to understanding that numbers alone can never make a valuation of an investment," Damodaran told Yahoo Finance in an interview. And they're now spinning this really neat story about this is good for the market or how this is bad for the market. When you price something, you price it based on what other people are paying for similar companies, similar investments.
In summary, the market is becoming extremely overbought, but no sell signals have appeared yet. So these ratios are in overbought states, but not yet on sell signals. By that I mean that CBOE Volatility Index VIX, +11.45% has remained at low levels. We are not inclined to short a market without the benefit of any sell signals, so the best path seems to be to remain long, but tighten trailing stops and perhaps take some partial profits. That is the danger of dealing with an extremely overbought market — if you short it, you can get demolished by the continuing upward trend; if you don't short it, you can get caught by that sudden downdraft.
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NYU finance professor explains why the stock market is more 'Game of Thrones' than 'Snow White'
On how the stock market's story differs from company-specific stories:"The market does tell a story but it's more of a Game of Thrones story than Snow White. […]"I think Uber actually is not going to have trouble on the revenue side. "This book is as much about my journey from just trusting the numbers to understanding that numbers alone can never make a valuation of an investment," Damodaran told Yahoo Finance in an interview. And they're now spinning this really neat story about this is good for the market or how this is bad for the market. When you price something, you price it based on what other people are paying for similar companies, similar investments.
The stock market may be 'overbought' but there are no sell signals yet
In summary, the market is becoming extremely overbought, but no sell signals have appeared yet. So these ratios are in overbought states, but not yet on sell signals. By that I mean that CBOE Volatility Index VIX, +11.45% has remained at low levels. We are not inclined to short a market without the benefit of any sell signals, so the best path seems to be to remain long, but tighten trailing stops and perhaps take some partial profits. That is the danger of dealing with an extremely overbought market — if you short it, you can get demolished by the continuing upward trend; if you don't short it, you can get caught by that sudden downdraft.
read more visit us Money
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