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| You're saying what I said in a different way. Price created the subsequent fundamental situation. Price leads. I did not say fundamentals do not exist. I said fundamentals follow.
It's been that way since the very beginning. If there is no value in a product, it is not produced. Some products are worthless enough there is literally no market for them. But if a new use was discovered for those products and they came into demand, price would be the first indicator of that happening. Price dropping would be the first indicator that supply has outpaced demand. | |
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The whole Whale thing?
