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Do Low Rates Really Justify Higher Valuations?

Authored by Lance Roberts via RealInvestmentAdvice.com, Just recently my colleague Jesse Felder penned an excellent piece discussing the use of the “four most dangerous words” in investing: “this time is different.” The whole article is a must read, but he hit on a particular point that has become a mantra for speculative investors as of late: “In other words, valuations don’t matter as much as they did in the past because ‘this time is

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