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The Final Word by Jim Thompson
Now that the PM40 is reaching reasonable levels again, I've noticed that some of the professional analysts are starting to cut their ratings on individual stocks. On one hand this makes sense, if one argues that good news can not continue to go on forever. On the other, I watch plenty of stock picking business programs on television that argue past good performance likely means future good performance.

It could be we are talking apples and oranges here, i.e., mature markets versus growing markets. However, I still find both viewpoints quite interesting.

Any readers want to weigh in on this subject?

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