进入2019年二月之后，TD的股价已经恢复到了2018年一月二号的价格之上，从长期投资而言，能够偶尔出现一些股价的短期大幅下跌摆动，为投资者提供了有足够安全边际的参与机会和获得超额回报的机会。

那么在今天的价位，TD的上涨幅度可能性有多大呢？

因为目前TD的市场估值低于中长期均值，所以今年上涨是大概率，其次，今年可能继续上涨的幅度是大约25%左右，这里的原因是2018，2019二年的盈利增长会最终反应到股价估值之中。

At Berkshire we focus almost exclusively on the valuations of individual companies, looking only to a very limited extent at the valuation of the overall market. Even then, valuing the market has nothing to do with where it's going to go next week or next month or next year, a line of thought we never get into. The fact is that markets behave in ways, sometimes for a very long stretch, that are not linked to value. Sooner or later, though, value counts. - 巴菲特1999年公开演讲