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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (33922)	8/31/2001 11:50:37 PM
From: SOROS	Read Replies (1) \| Respond to of 37746

Come on. Take just about any stock or mutual fund. The markets were at least somewhat "rational" up to November of 1998. Nov, 1998 through March, 2000 was absolutely insane. There is no other word for it. Greenspan did some idiotic things. People were greedy beyond belief. This created an enormous bubble. Let's say we keep all the gains up to Jan. of 1999 for many individual stocks. Let's say they only correct back to that point. Even though the Nasdaq has retraced on average, it will get hurt much more because the "popular" stocks made such insane gains. Plug in any of these "liquidation value" stocks you speak of, and see where they were in Jan. 1999. Looks to me like a normal correction of the bubble in light of a world economic slowdown could easily take us to those levels. Remember to adjust for splits, and I think you will see that even a stock like JDSU, which is at $7.05, down from $126.00, has quite a distance to go to reach Jan, 1999 levels. Face it -- how many people do you know who doubled and tripled their accounts from Nov, 1998 to March, 2000 in mutual funds even? This is NOT normal and should NOT have happened. Even with the past year and one half, most people still stand on THREE times the money they had in 1996. The historical 10% return will average out. Guess what that means for 2000, 2001, 2002? Best of luck to you. I remain, SOROS

To: American Spirit who wrote (33922)	9/1/2001 1:02:25 PM
From: bosquedog	Read Replies (1) \| Respond to of 37746

investors.com First, in a market with clear direction, at least two out of every three stocks will follow the major indexes’ lead. Try to nab a breakout before bear season ends, and even the best stock could hit a brick wall. Second, bear markets don’t always have a quick, happy ending. Scores of stocks have broken out only to roll over or return to their bases when the market doesn’t follow through Don’t tempt fate. After the market follows through, you’ll find plenty of great stocks exploding out of sound bases. Stocks that broke out before the follow-through - when at least one major index rises 2% or more on higher volume, four to seven days into a new rally - will often pull back. This gives you a fresh entry point when the market finally takes off. Better to wait. Waiting is the hard part for me.