A whole stream of events issues from the decision, raising in one's favour all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamt would have come his way.» (cnbc.com)
If those assumptions disappoint and it becomes clear that profit margins will not be forever sustained at record highs, it doesn't only imply near - term earnings disappointments - it implies that the whole stream of future earnings impounded into stock prices is wrong. (hussmanfunds.com)