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To: Tommaso who wrote (131673)	10/29/2001 4:37:27 PM
From: SOROS	Read Replies (2) \| Respond to of 436258

The pure idiocy of everyone who is optimistic on the markets based only on what has happened in the past, while TOTALLY discounting another attack is beyond belief! There has NEVER been such a threat to American soil as now. To forget this is worse than stupidity. This market would be tenuous if the PE ratios were AT historical levels. To look at the valuations, the unemployment, the business drop-offs, the debt problem, etc., and COMBINE that with this terrorist thing should scare the pants off all these morons on CNBC. Their jobs are hanging by a thread. This market is one attack from plunging to historical LOWS, not historical averages. And when GE's bottom-line drops off a cliff, and people's retirements disappear, and stocks are not "hot", a lot of this financial TV will be canned. This will not be "just like every other time", with a bottom formed and then a new BUll market. Comp 1000, Dow 7000 is just starters if a bad scenario develops. I remain, SOROS sfgate.com