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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (1551)	10/30/2001 12:16:42 AM
From: SOROS	Read Replies (1) \| Respond to of 10065

All of these people "looking at numbers" to predict when and where this market is headed are insane. They are ALL so great at relying on history, but have any of them addressed the historical returns of the markets versus the returns of the past 15 years? Do you know how long we would have to stay flat or how far we would have to drop to get to that historical 10% average now? The insane part, however, is not their selective historical worship. It is their TOTALLY discounting the world condition. The fact that they actually use dates about where the market should bottom and turn and rise is more than laughable. I have NO IDEA where the market is headed based on their cyclical, secular voodoo. But ONE thing I DO know, which all these professional and amateur number jockeys don't want to talk about, is this market is overvalued in a period of deteriorating fundamentals. Combine that with a more serious terrorist attack, and these idiots on CNBC and elsewhere who keep telling people that should be in this market right now, won't be able to pick up the pieces from the carnage which will ensue. Brokers, analysts, TV financial entertainers, etc. are ALL bought and paid for by the same companies reporting hocus-pocus numbers for the past few years. They care NOTHING for the American people and will willingly take every last dime from them if at all possible. I remain, SOROS