Call us old fashioned, but we think fundamentals still count. Yes, this is like part IV of our rant about stock markets versus a market of stocks. Fundamentals are the revenues, earnings, dividends of companies that allow us to separate the wheat from the chaff in stocks. We recently read an article that quoted a dire prediction that the US stock market will have to go below 1000 (Dow points) before it completes some super-duper cycle target based on what the market did back in 1871 (or was it 1873?). Read more