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Pastimes : Prophecy -- HYPE or HOPE? -- Ignore unavailable to you. Want to Upgrade?


To: TWICK who wrote (181)6/3/2001 5:52:16 PM
From: SOROS  Read Replies (1) | Respond to of 5569
 
I'd want to see real estate crack like it did years ago. Then, if my end time scenario is not correct, I see a great buying opportunity next year. Real estate is still so overinflated. Everything goes in cycles. Nothing stays high forever. If markets ever crumble in general, real estate will follow. The NASDAQ was a decent correction (call that collapse) -- but it was from extremely high levels. Worrisome now is that with falling earnings, the stocks are almost as overvalued now as they were in March, 2000. DOW, and S & P have not really had a good correction yet. Must have real panic for those to plummet. War in Mideast and oil embargo should do the trick. Throw in a natural disaster or two and a biological attack in the USA and you have a building jumping frenzy. I don't mean to be flippant. I really do see these things a greater and greater risk as time goes on. Watch Israel!

I remain,

SOROS



To: TWICK who wrote (181)6/3/2001 5:55:06 PM
From: SOROS  Read Replies (1) | Respond to of 5569
 
Try to get others to post why they reject Biblical prophecy as bunk. I am always interested in the thought processes of "otherwise intelligent" people -- a phrase that has been used when referring to me sometimes ;)

I remain,

SOROS



To: TWICK who wrote (181)6/3/2001 5:56:41 PM
From: SOROS  Respond to of 5569
 
From the Prudent Bear guy:

The question being: "when does the hope for the Fed engineered 2nd half recovery that is currently holding up stock prices give way to fear about the reality of there not being a recovery in the 2nd half?" because that's when we'll see an absolute avalanche of selling.