A perfect example of how stock prices get sometimes detached from reality is the behavior of Pfizer’s (NYSE: PFE) stock price in comparison to its earnings during the 2009 financial crisis. Pfizer is one of the largest pharmaceutical companies in the world and no matter what happens in the economy or stock market people are always going to use their medicines. Perhaps headache drugs will sell even better in a bear market but that is a different story. Therefore, it is not logical that Pfizer’s stock price reacts to economic crises or stock market panics. However, in a stock market panic, most
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