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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by wallacoloo on Sunday May 10, 2020 @06:00PM (#23136675)
> no one who values companies professionally predicts cash flows more than ~5 years out

> what happens in practice is that you take the cash flows of year 5 and you annuitize it into the far future with the estimated growth rate, and call it a day.

How is that not a prediction?

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Re:Why is the stock market rallying when the economy is so bad? by clairity on Sunday May 10, 2020 @06:18PM (#23136834)
it's done out of tradition, not prediction.
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