Pundits and promoters only committed fraud if they pumped up a stock on false information and had a hidden interest in the company. You can sue anyone for anything. That doesn't mean you'll win. In fact, if it's a baseless suit, you'll be hit with attorney's fees. If it wasn't for him, the market would not have gone up in such a tempting fashion and wouldn't have come down so abruptly.
Same rule applies.
Try proving that. Besides, how would you like to cross-examine Alan Greenspan in court. That's the odds when you see a case through to the end. Most cases settle. This page sponsored by The Author John Crudele is a financial journalist and business columnist for the New York Post .