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That's what I am hearing right now about tons of the high-price-to-earnings-multiple stocks as the market takes a fancy for the cheap and expunges the expensive. It's all part of one of the biggest rotations I have seen in years, and you need to know that there's nothing wrong with your company -- there's just something wrong with your stock.
Right now, at this very moment, the consensus is shifting. There is a belief that the economy is getting better and that, therefore, it is time to rotate into the stocks of companies that are about to produce sharply better-than-expected results because they will be aided by a stronger economy.
This kind of move is age-old, except it's been so long since we have seen a genuine economic expansion that it's taking a lot of people by surprise. They cannot understand, for example, how come a name like Salesforce.com (CRM) or Workday (WDAY), two incredibly good companies, can have stocks that go down while companies with prosaic, unexciting and much slower-growing businesses -- like Hewlett-Packard (HPQ) and Microsoft (MSFT) -- can have such red-hot stocks.
I know this is a really hard thing for people to get their arms around, and it is one of the main reasons why I wrote Get Rich Carefully. I don't want people to panic and blow out of shares simply because of damage in the stocks, and not in the companies they represent.