shawn-tully

Why a mean reversion would be mean to the stock market – The …

If the benchmarks used to determine the value of securities were to suddenly reverse course, the “new normal” could soon be history.By Shawn Tully, senior editor-at-largeFORTUNE — Seldom have so many of the metrics that influence stock prices strayed so far from the long-term trends we’ve come to consider “normal.” Corporate earnings are far above what’s normal historically, interest rates¬†[…]