Does it make sense to say that a stock that plunges sharply & recovers slowly with rising cycles, is undergoing "tempering" for "toughness"?
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Only if you can show that the underlying crystalline structure is being realigned for increased strength and durability.
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I think medium-wavelength cycles in a stock probably represent incorporation of fundamentals info, so "toughening"
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linguistically, yes. But bears no relationship to the actual 'toughness' of a stock. Bc what is 'toughness'?
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lower volatility than market average perhaps?
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hmm I don't think so. How would you measure this "toughness"?



