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Ghost of Igloi
RE: Down goes the Dow

Sure it is. That is how it works. The stock gets so over priced it cannot handle a setback. It is called multiple compression. The CMG burrito bar was trading at a PE of 45. Was it just going to grow to the sky?

Momentum investors were loading up on GPRO, VRX, and SYSS to name a few. The story is the same


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