Whats rLinux about that post ? <| sep |> BUT THAT FAMILY INCLUDES HIS DAD , WHO IS A BROWNS FAN <| sep |> But it did change . You are forgetting behavioural aspects of this big game . The playing field is filled with sometimes emotional masses . The numbers changed , which changed the emotion , which caused the push . It is not the markets that changed , rather the psychology . I mean look at auto industry stocks . These companies have done nothing but great , but even still most of them are trading at PE less then 10 , and do not get me started on cash flows . Also most of solar stocks , and oil companies . All of them pretty beaten , just because of psychology and oil . These changes of psychology are not really the type of question a long hold value investor like yourself normally worries about . It is just that , when you ask question you have to take all answers which appear valid .