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Non-Tech : The Woodshed
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To: Little Joe who wrote (5409)4/29/2004 10:05:04 AM
From: SOROS  Read Replies (2) of 60908
 
Had two acquaintances who sold ALL their PM stocks this morning and swore to NEVER buy another one. They have been as mad and down as I -- getting worse each day for about 2 weeks now. In the past, I have usually joined them at this stage, and that has on 3 occasions marked the turn of the market within 1-2 days at most -- one time it turned within 1 hour. Hopefully, this will hold true again. When many "firm believers" in a segment of the market are finally washed out, it usually means 98% of the speculators are gone as well.

I remain,

SOROS
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