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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: Les H who wrote (49854)	5/8/2000 10:21:00 PM
From: RocketMan	Read Replies (1) of 99985

While I agree that the Euro may disintegrate, Soros, the source of that planted story, is not exactly unbiased: Mr Soros, who runs the $12bn Quantum Fund, is believed to have lost money betting that the euro would be a strong currency. I suppose if I had lost that kind of money I might also be whining about the need for regulation: But the financial speculator has now taken to warning about the dangers of unregulated capitalism in world markets. ... Free markets don't work ... "The new market fundamentalism is more dangerous to the world now than Communism," he told the BBC. "Communism at least has been discredited, while it is not understood that market fundamentalism is an equally false ideology," he said. Market fundamentalism: what happens when world governments don't bail you out of being on the wrong side. If the Euro was up, I'm sure Soros would be preaching against monetary intervention ...

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