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Dave Collum, professor / financial commentator at Cornell University (Emeritus), raises concerns that current market trends may be sustained by politically influenced, price-insensitive forces supporting the rally and maintaining elevated levels.
Collum points to the timing and subsequent plateauing in the market as indicators that political motivations may be playing a role.
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Collum has previously questioned the divergence between fundamentals and market performance, noting that Apple’s revenues doubled in 10 years while its share price rose over tenfold. He has also discussed ongoing challenges related to U.S. debt and government obligations. These earlier views align with his continued skepticism toward recent market behavior.