On the day Yahoo! joined the S&P 500, it rose 67 points. And in the week between the announcement and the actual inclusion, Yahoo! rose 136 points, or 64 percent. According to a 2000 study by Salomon Smith Barney, stocks selected for inclusion outperformed the S&P 500 by 7.7 percent in the period between the announcement and the inclusion.
yeah, and PALM opened over 250 a share on its IPO desbut, whats your point. You people still don't get it, the S&P inclusion has nothing to do with the fundementals. This freaking comp. is doing the same
"No company has EVER grown like this one"
Are you channeling Mary Meeker? If you had $1 for ever company people said *exactly* that about in 1999, you wouldn't need to waste your savings on this speculative bull
No, the P/Es of most companies with earnings were 100ish at the peak in 2000. Just like Google's P/E was 100 early this year. And all the way down the long two-year collapse of the 2000 bubble there were jokers saying hey the P/E is only 70, the P/E is only 50, the P/E is only 35, it's a bargain now.
Good luck with that.