I don't think todays investors (and I use that term loosely) understand what the word value means. Todays markets are purely about momentum of money. The current thinking is that the fed reserve will have to pivot away from interest rate increase and go back to QE. The economy or inflation - who cares as long as everyone else thinks this and the market goes up. And lets not forget the massive amounts of printed money floating around in the system. The general consensus is that todays humans are more intelligent, more resourceful and have more experience than any generation before. I don't think so.
NCM Price at posting:
$21.73 Sentiment: None Disclosure: Held
