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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%4:00 PM EST

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To: 10K a day who wrote (50748)5/15/2000 11:09:00 AM
From: lawdog  Read Replies (1) of 99985
 
Soros' Quantum Fund Is 90% in Cash
By Brett D. Fromson
Chief Markets Writer
5/15/00 9:25 AM ET

"When financial markets seem intent on punishing the greatest number of investors possible, it may mean something that Soros is now out of the market. What is not exactly clear. Is his withdrawal a cautionary sign? Or is it a contrary indicator, a buy signal?

No one will know except in retrospect. But unlike so many investors who say they are worried about the market but have yet to lighten up, Soros has bailed out. We will see at some point whether he is a fool or a genius to have done so. And of course, the rest will get graded too"


thestreet.com
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