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Total market cap is a function of stock prices as well as the proportion of companies that are public.
Jan 13 08:33 am
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All Comments by kevinm »Reversion to the Mean for Equities [View article]
I've never been too fond of this 'indicator,' since it can go up just because more companies are going public, as in the tech IPO boom, and go down during an IPO slow period. How many IPO's are being done now?