"Whenever the Darwinian struggle ends, the winners will be both individual investors as well as the large institutions with their large trades, best handled electronically. Current market worries have depressed the shares of one set of institutions, big brokerage firms. Their price/earnings multiples are below where they should be. Good buys are waiting to be exploited."
http://www.forbes.com/columnists/columnists/forbes/2005/0606/180.html
http://www.forbes.com/columnists/columnists/forbes/2005/0606/180.html