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Channel: Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington » Rob Arnott
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Why a mean reversion would be mean to the stock market

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If the benchmarks used to determine the value of securities were to suddenly reverse course, the "new normal" could soon be history.

By Shawn Tully, senior editor-at-large

FORTUNE -- Seldom have so many of the metrics that influence stock prices strayed so far from the long-term trends we've come to consider "normal." Corporate earnings are far above what's normal historically, interest rates are way below normal because of Fed intervention, and MORE


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