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Pastimes : I've Been Dubbed A Clown and Banned
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To: bobby beara who wrote (1192)11/5/2001 10:07:45 PM
From: SOROS  Read Replies (1) of 1735
 
Bobby,

Maybe you've addressed it before, but how DO you ignore the high valuations and the economic downturn? Do you think the market simply goes up because of 401(K) money that seems to be an endless flow? That's the ONLY reason I can come up with for the market going up with these valuations and this economy right now. It really makes NO sense to me. Can you explain it for an old, senile man? I'm really not always a bear. I try to rationally look at the data, but this market has me bewildered.

I remain,

SOROS
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