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To: Captain Jack who wrote (89361)	1/30/2001 7:02:15 PM
From: Piotr Koziol	Respond to of 97611

CJ, I suspect that Soros' pessimism as far as U.S. being ALREADY in a recession must be motivated by his probably VERY substantial short position in the U.S. dollar. As soon as the dollar plumets which will happen if the World believes Soros' statement about the recession we WILL hear that he is a finiancial genius having predicted the weakness of the dollar. And then he can cover his short position and SMILE :^) /Piotr

To: Captain Jack who wrote (89361)	1/30/2001 7:02:40 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Soros may be right. The NAZ said recession last March when it turned south and continued down during 2000. That was nine months ago. (Weekly COMPX chart) This January the market seems to be saying recovery while it climbs a wall of worry. The DOW said recession right after New Year's day, but it is not as pronounced as the NAZ because of it's mix of companies. If it still contained pure industrial companies, it would not be doing so well. This certainly isn't a market you can make easy money in, but it does appear to be projecting an economic recovery. Let's hope it is correct. The alternative is moving sideways before continuing down.