Thought of the Day, from Craig Mee
Of all the big stock rallies or market moves, which ones were centered on an encircling macro development that was able to sustain them for years to come? For example, is the push into internet based activity freeing up global trade and other undercurrents that are less obvious (3D printing) something which has to be taken into account when comparing price earnings and others now or at anytime, i.e shouldn't every separate movement be put into context of a valuation including up upward drift + economic drivers specific to this new distribution.