India is very suddenly a hot theme in our market. We've seen them explode quickly. But the problem is that they can cool off as fast as they heat up.
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Today, investors large and small continue to bank on Web start-ups, with little regard to profitability. Investors continue to ignore quality, ... Rather than looking at a company's earnings, they're still looking at hype and market potential.
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There were a lot of people putting weight in the IBM decision. But the first company to market with this wins.
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It takes the position of an instant blue chip. It becomes an institutional darling almost immediately.
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While every other bank on the street was setting record numbers in their investment banking fees, their MA (merger and acquisition) activity and their brokerage activity, these guys were losing money.
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Those who weep for the happy periods which they encounter in history acknowledge what they want; not the alleviation but the silencing of misery.
Albert Camus
Sometimes Congress likes to milk an issue.
Steve Largent