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By Alan Gottesman
Periodic Table Stock investors have their favorite indicators to tell them when the market is getting ‘toppy,’ which, even after the recent pullback, remains a concern. Many of these gauges are just different ways of measuring speculative excess. A frothy market for smoke-and-mirror IPOs, for example, or triple-digit price/earnings ratios for companies that–what was it again that this company does? Like the big auction house on Wall Street, the ad market has been strong lately.
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