Recently, I often hear from “investors” saying that fundamentals don’t matter anymore. To me, that is an indication of the rampant speculation going on in the market place. The “Jenga” tower is beginning to waver.
For a long time investors have been chasing companies with conceivable stories, but big losses. While holding long-term can turn those losses in to nice gains, the vast majority don't "make it over the hump".
