Your theory was to favor small - cap stocks because you believed massive monetary stimulus would result in strong fundamental growth and multiple expansions for this group. (indexologyblog.com)
That kind of multiple expansion alone gives you something like a 15 % annual return in a stock over 8 years. (gannononinvesting.com)
«Much of the market's recent gains have come from multiple expansion rather than higher earnings expectations,» he wrote. (businessinsider.com)