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


To: SOROS who wrote (70312)2/23/2001 9:42:26 PM
From: KymarFye  Read Replies (1) | Respond to of 99985
 
SOROS, as I think over my comments to Les, I realize that I may seem to have misconstrued your point, when I do agree with aspects of your position. I just think your jeremiad on Greenspan, Clinton, and financial apocalypse is a a bit much, and that your position vis-a-vis traders is unclear. It almost seems that you hold us at least in part responsible for the "calamity" that you're predicting. Do you understand the essential role that traders play in the functioning of financial markets?

You can call it gambling, but what do you expect individuals (those trading just for themselves as well as those who are responsible for other people's money) to do when short positions (of which many may have been about due to be covered anyway) are suddenly being threatened with the kind of action that took place on 1-03?



To: SOROS who wrote (70312)2/24/2001 10:33:27 AM
From: Ellen  Respond to of 99985
 
I read what you said and understand fully it's significance.

A question comes to mind though. The PE on individual stocks and that average of the Nas is much discussed and assessed. I hope this is not a frivolous question but why isn't that same stat given equal scrutiny for the Dow? Maybe it is and I just haven't been as aware of it. But it seems in my readings that it is not and wonder why it is so painstakingly important for Nas stocks but not for those of the Dow.