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I agree completely that barriers to entry into teaching should be low -- but so should expectations for untrained career switchers who move to public school classrooms.
The bottom line is that expectations allow stocks to decouple from poor or strong economic data, and should expectations for the economy suddenly "sprout" this could be an additional risk factor.
There is a conceptual distinction between will- and should expectations.
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Should-expectations represent 'what ought to happen', it is a normative standard [ 5].
What should their expectations be?
It should anchor expectations by setting an explicit inflation target.
As with an individual stocks, it should reflect expectations of faster-than-normal profits growth.
The next two episodes (all that were available in advance) should tug expectations back toward reality.
The impulse is correct: one should lower expectations immediately, and make excuses whenever possible.
Past experiments with guest workers should restrain expectations: "I would be satisfied with a 65% return rate," says Mr Rodrik.
Considerations should include expectations about the stock price, the relative attractiveness of the option premium and other factors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com