Valuation Compression Awww, a good old correction. Nice to get that out of the way, so stocks are cheap again, right? Well, ummm. There are two ways stocks can decline. Either the premium paid for X amount of earnings declines, or the amount of earnings themselves decline. In order for stocks to go down, one or both of those two things must happen. The Nasdaq declined over 30% from its peak, yet earnings are still … read more When Stocks Get Ahead of Themselves