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The Uncomfortable Dance Between V’ers and U’ers

This is an extremely well thought out view from Paul McCulley at PIMCO. He is a fundamental guy who knows behavioral finance (read: trend trading strategies) is better at explaining market behavior these days.

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One Response to “The Uncomfortable Dance Between V’ers and U’ers”

  1. Todd Miller Says:

    “…that markets can stray quite far from “
    ‘fundamentally justified”
    ‘ values,…”

    It’s nice to hear a fundamental guy actually admit that.

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