NEW YORK ( ETF Expert) -- I tweeted a few facts last week that might have left "followers" believing that I am bearish on stocks. Of course, one does not get to express his thoughts in great detail when he is limited to 140 characters. I wrote: "Avg quarterly profits for Dow companies in 2013 up 2.6%. Avg quarterly sales -0.7%. Yet Dow up 22%."The meat of the tweet, however, came in the hashtag (#TechnicalsTrumpFundamentals"). After all, I was not hinting that investors scurry for the exits simply because price-to-earnings ratios and price-to-sales ratios are elevated. On the contrary. I was pointing out the reality that market-based securities can rise and fall on other things than consensus fair value estimates of share prices.
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