Which January do you market gurus have this high cycle pegged for -- 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010??? I guess if you keep pegging the high cycle 4-5 times each year, eventually you will be right. If it doesn't happen until about 2007, which is where many analysts (so far much better than the bear analysts) who relate the current moves and those rises up until 2007 because of baby-boomers money earnings and placement into the market, then Fleckenstein and you guys will certainly be alcoholics or in an institution somewhere mumbling "just wait until gold breaks $325."
I remain,
SOROS
ps Heard an old-timer the other day -- Bob Brinker -- say something like, "anyone who thinks this market is going to crash in December, is full of soup." Remember, this comes from a guy who laughs at the Internet valuations. Even he has slowly gone from totally ignoring Internet stocks to saying B2B will be the biggest money maker of the next 10 years. I believe he is going to recommend an E-Commerce fund in January -- funny how even this old graybeard is finally seeing the light. Keep stewing, resenting, and sitting on your gold, and you'll probably just get older, poorer, and develop a shiny bunion on your butt.
pps Voltaire says $600 is a "given" for QCOM by year's end -- he also said, "It is dangerous to be right when the government is wrong.", but also "A witty saying proves nothing." SOROS -- says a lot, proves nothing, but has fun singing it -- another Voltaire truth |
