What I don't get is way I don't hear about law suits against these brokers. Even with the disclaimers. Folks are constantly bringing suit against companies for making them lose money. Everyones suing Compaq for leading them down the primrose path preceding the real bad earnings report. Do any of these suits succeed, do you know? One of my greatest stock market dream disappointments was finding out that you could "discover" a great little, money makin' company, with a PE of 9, (and an internet site) and no one was bothering to buy it.
At 12:39 AM 6/4/99 -0400, you wrote:
>With Rivlin leaving, this may especially be history, but the new Grant's
>Interest Rate Observer quotes an unnamed brokerage-house analyst as saying
>eBay <http://www.ebay.com> is cheap at 55 times net income projected for
>2009. Since 1871, the S&P 500 has averaged a P/E of 12 times income 10
>years out, and a median of 8; since 1945, 7.1 mean/7.0 median. If 55 times
>is cheap, I'm Alice Rivlin.
>
>Doug
>