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Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight by UK-AL on Tuesday April 19, 2016 @08:32PM (#11531546)
It wasn't really over valuing the price widgets.

Valuation only includes all available information.

You can't expect random acts of God to be priced in.

Overvalution is when psychology everyone is bullish, but the facts are not backing that up.

Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight by alanwatts on Wednesday April 20, 2016 @09:54AM (#11534375)
This is what I was getting at. "Valuation" of "the market" is far more subjective and psychological rather than objective and empirically measurable.