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A company car flomax webmd
Herding is usually applied to asset markets. The buyer of a stock or a house seldom has the framework, means or inclination to calculate an asset芒聙聶s intrinsic value. Instead, relative value prevails: is it worth more than it was yesterday? Is it worth more than others just like it? For this reason, buyers and sellers are always looking over their shoulder at what others in the same market are doing. A small rise in a stock leads to another, and so on; a small decline has the opposite effect.
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