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


To: pater tenebrarum who wrote (38438)1/28/2000 6:44:00 PM
From: SOROS  Read Replies (2) | Respond to of 99985
 
Dear heinz,

Here I am fraternizing with "the enemy." Only kidding, but it does go against my nature to be "in a bear camp."

The debt thing really bothers me as well. Did you know that the vast majority of 2nd mortgages last year were taken to play/invest in the market? I know it is too elementary, but I think this is a major reason why the NASDAQ has these high PEs -- borrowed money greedy after riches. I also think there are some things going on in the Middle East which could explode in our faces thanks to our present administration and their high regard for the golden rule -- hahah. I've never seen anyone so driven by polls regardless of the truth. All decisions are based on what will be perceived to be popular. There is no standard. People don't realize the potential destruction in having a leader like this. I will say these are interesting times.

Anyway, I've made up my mind to jump back in the market at NASDAQ 2300 even if it's the beginning of a bear!

I remain,

SOROS