Mr Zhu, who visited America in April, might also have noticed that a rising stockmarket brings with it a feel-good effect, making suddenly wealthier investors more likely to spend on real things, like consumer goods and homes.To an extent, the "fundamentals" seem to justify the direction of the stockmarket surge, if not its extent.
The view that Smiths could narrow its business portfolio through asset sales could continue to move the shares, but we do not see enough upside to fundamental value to justify an overweight".
Although there were collywobbles on Wall Street concerning Greece's bailout, an upcoming unemployment report and even Britain's uncertain election, there was no change in fundamentals that seemed to justify such a rapid sell-off.
The nerve-wracking uncertainty before the invasion of Iraq, and the terrible terrorist attacks in Iraq and Saudi Arabia afterwards, have pushed up prices to a higher level than the fundamentals would seem to justify.
These findings challenge the fundamental arguments used to justify the adoption of a high-risk strategy from a public health perspective.
This approach arises from a very different command than of US laws because the Precautionary Principle is a fundamental constitutional principle to justify environmental choices.
Steven Davidoff, who writes the Deal Professor column for the Times, made just this argument in a recent column, saying that the company's fundamentals are too strong to justify its relatively small market capitalization.
The really tricky call will be deciding whether the fundamentals have shifted enough to justify that rally, or whether it will prove as ephemeral as the many bounces in Japan's Nikkei since 1989.
Although China reported strong May car sales on Tuesday, metals' fundamentals don't seem to justify recent price surges.
According to Lui and Mole (1998), FA turns to the microeconomic aspects of companies and to the macroeconomic fundamentals of sectors and countries — known as market fundamentals (Allen and Taylor 1990) — to justify past movements and to predict fluctuations.
