Prophecy -- HYPE or HOPE? Message Board

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Pastimes : Prophecy -- HYPE or HOPE?

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To: TWICK who wrote (181)	6/3/2001 5:52:16 PM
From: SOROS	Read Replies (1) of 5569

I'd want to see real estate crack like it did years ago. Then, if my end time scenario is not correct, I see a great buying opportunity next year. Real estate is still so overinflated. Everything goes in cycles. Nothing stays high forever. If markets ever crumble in general, real estate will follow. The NASDAQ was a decent correction (call that collapse) -- but it was from extremely high levels. Worrisome now is that with falling earnings, the stocks are almost as overvalued now as they were in March, 2000. DOW, and S & P have not really had a good correction yet. Must have real panic for those to plummet. War in Mideast and oil embargo should do the trick. Throw in a natural disaster or two and a biological attack in the USA and you have a building jumping frenzy. I don't mean to be flippant. I really do see these things a greater and greater risk as time goes on. Watch Israel! I remain, SOROS

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