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RE: Down goes the Dow
Ghost of Igloi wrote:
A stock or a bond is a claim on a stream of income paid to investors over time. Of course in the present environment many are renters of stocks and bonds. Why else would someone buy Netflicks with a PE of 300 or a 10 Year Treasury at 1.37%. In the end someone must own a stock or bond until it is retired or mature. So someone will be left holding the bag.