Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: SOROS who wrote (1395)	5/16/2003 6:15:32 AM
From: Earlie	Read Replies (1) of 4904

Soros: I am extremely bearish and this is based primarily on fundamental considerations. Turned mostly bearish about five years ago (after having been bullish for two decades) when I recognized signs of a coming saturation of the PC/ telco end markets (a bit too "early" for sure). So far, that bearish stance has been reasonably profitable. An enduring bull market needs serious buying power to sustain it. From my perspective, that buying power is simply not available today, even with the Fed's manic pumping (see flow of funds for the last year for verification of this). Note how narrow the range of "hide-out stocks" have become. Bear markets are famous for their potent rallies and they frequently create plenty of standard technical signals that keep many players involved long after the fundamentals have suggested that one ought to vacate. JMHO. Best, Earlie

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