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To: Alomex who wrote (17858)9/11/1998 6:04:00 PM
From: gmccon  Read Replies (1) | Respond to of 213177
 
Sorry, Alomex. My response was directed at what I thought was an innocent question. As it turns out, it just wasn't real bright. I'm sure everyone else figured, like me, that the PE was directly proportionate to the number of visits by Monica to the White House.



To: Alomex who wrote (17858)9/11/1998 11:15:00 PM
From: Andrew Danielson  Respond to of 213177
 
<<gee, I thought a P/E of 20 for GM was a good deal, but now in the face of the impeachment, I'm not sure anymore" ?>>

If everyone playing the market were always rational, playing the stock market would be not only less profitable but less fun as well.

The great thing about irrational mass behavior is that it tends to be a kind of temporary insanity. Reason usually wins out the end (in some form), allowing those who stayed cool all along to profit from the situation.

I'm telling ya', you'll learn as much about the stock market from Human Psych 101 as you will from Economics 101.

Andrew