| With extremely volatile, albeit, firm stock prices investors would not be faulted if they decided to ring the till to lock in security profits. Nonetheless the rhetorical question remains: how do investors rationalize current share prices in light of ongoing economic, political, and investment uncertainty? It is our view that with the plentiful availability of cheap money at 3%-5%, we believe that individuals, corporations, hedge funds, private equity pools, etc. will continue to drive equity prices to higher levels.
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