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[–] Maltherian1 0 points 1 point (+1|-0) ago 

The last decade has put an unreasonable importance on future growth at all costs. As it became more common place a high p/e could almost guarantee high returns. Only in the last few months has the smart money decided stocks are overvalued and over bought. Retail investors/401ks are keeping the party going for now. When market fundamentals/common sense take hold again a massive correction will occur and the bears will be in charge for a long time. I transferred the majority of my portfolio to precious metal miners last winter and it has paid off wonderfully since April. Lots of consolidation in the industry.