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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Joo who wrote (31224)	10/24/1999 7:59:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Daniel, >>>> I've read that 1/3 of the decline in a bear market occurs in 2/3 of the duration of a bear market while 2/3 of the decline occurs in the last 1/3 of the time. Looks like interesting times <<<< In addition, once the bottom is hit in a bear market who knows how long the market will stay at the low levels. In bear markets the rebound does not always happen immediatelly. seeya

To: Daniel Joo who wrote (31224)	10/24/1999 5:12:00 PM
From: SOROS	Read Replies (5) \| Respond to of 99985

Y2K fears I was sucked into the great Y2K hype a couple of years ago -- made money on the first run-up and then some on puts on ZITL, but other than that, pretty much lost on every other "investment" (what a joke word concerning Y2K) in Y2K. But check out these great Y2K stocks that were going to fix this great problem. I'd say the money has spoken on this issue. I didn't check, but I'd assume that those that say "no such symbol" are completely bankrupt. I also debate this high PE of techs, but have pretty much come to the conclusion that the high growth rates justify the prices. The USA has become a technology country. If tech doesn't continue to rise and make money, then nothing will. All of the BEARS have been saying the same things for 10 years now. Even if true, the reality is that I know lots of people who put their money to work 10 years ago who are now sitting on 10-20 times the amount of wealth they had. I also know many who have been espousing "crash", "bubble", "Ponzi", "high margin", "debt", etc. and IF they still have their original money, they are lucky. The reality here is that most BEARS have bought GOLD, puts on the S&P, extra food , and stock in companies that operate like 3rd world countries many times over and have lost their tails -- probably voted for Pat Buchanan also. The BEARS may eventually be right, but I'd rather have 50% of 6.4 million dollars than 100% of $100,000 -- and this is an actual comparison of a TECH BULL and an OVERALL BEAR who both began with $100,000 10 years ago. Greed may be ruling the BULLS, but jealousy is certainly coming through in the BEARS. Here's the truth about Y2K: finance.yahoo.com I remain, SOROS ps take your $100,000 and buy $75,000 worth of GMST, QCOM, MCOM, AWRE, VERT, VSTR, AOL, ATHM, QWST, AMT, GBLX, etc. and spend the other $25,000 on some therapy -- you'll feel better