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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Baldur Fjvlnisson who wrote (12642)1/3/2002 11:32:37 PM
From: Dave Gore  Read Replies (2) of 74559
 
I agree with you about valuation. What's wrong with expecting a company (except for Biotechs and a few others) to have reasonable P.E.'s?

All these analysts and Wall St. scam artists that helped drive the Market higher 2-3 years ago had to invent new measurements like Price to Sales, Price to Book, etc. to justify their wild-eyed Strong Buy's, then sold the shares as the little guy got in.

The only reason I listen to analysts anymore is because most people (surprisingly) still do.
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