Thanks VC. Appreciated.
You say it much shorter than the article, though: "The market is now pricing ARBs earnings 30 months into the future. In march it was pricing 3 months into the future."
Me thinks, that's what's happening now.
Much more could be said, like quality of management, short termism of the speculator, angst and greed, ... I am not going to ramble on...
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