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Growth stocks are overpriced because the market is anticipating that the companies will have exceptional growth.
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De Beers is confident that the exceptional growth in retail markets in India and Asia will continue to drive demand for diamonds.
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Almost since their inception, and certainly over the last decade, the offshore players have seen unrelenting exceptional growth propelling them to Top Ten rankings in most markets.
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The exceptional growth in the year just ended, based in part on a favourable monsoon, followed four years of near-drought which has hit rural voters, still the great majority, hard.
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But just as Chile's early globalization successes drew notice, so might a second burst of exceptional growth (aided by domestic liberalization in Santiago) put the onus on others--including the U.S.--to get with an Americas-wide trade pact.
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Exceptional subscriber growth that lasted until few months back highlighted this tremendous journey for Netflix.
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Royal Dutch shareholders should see exceptional cash flow growth in coming quarters and possibly a dividend boost.
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The pound's protracted strength while Labour has been in office reflected an exceptional decade of sustained growth and low inflation.
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"Overall market growth in 2010 was exceptional, " said Kevin Restivo, senior research analyst with IDC's Worldwide Quarterly Mobile Phone Tracker.
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That this occurred despite the rise in real GDP last quarter reflects both the typical lag between GDP growth and unemployment decline, and the recent exceptional increases in productivity.
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