To: Jim Willie CB who wrote (43677 ) 10/30/2001 12:43:58 AM From: SOROS Read Replies (1) | Respond to Holy smokes, Jim, talk like that would have gotten you banned not too long ago. And people call me gloomy! Actually, I think you are right on -- and this is ONLY from an economic standpoint. If the terrorist situation worsens, the Dow will blow through 8500 and the NAZ through 1500 so fast you won't see it. Japan, with unemployment figures worsening to a 34-year low is a whole other ball game as well. This greed-inspired, multi-year run-up in stock prices will have disastrous consequences, and it is more than a shame that so many people will be devastated by the lies and shameful crap they are being told on things like CNBC and the other press who are all owned by the companies carrying out this scam. Unfortunately, everyone -- even if told the truth -- WILL NOT be able to get out before being crushed, IMO. There has been NO panic, but it WILL come. Why people are not looking at their portfolios in terms of the past 15 years instead of the past 1 1/2 years I can't figure out. If they were to go back to say, 1985 and figure where they would be with an historical 10% average, they would see that they should position themselves in SAFETY right now and count their blessings for what they have. But most will not. Greed will keep its grip until fear takes over, and by then it will be TOO LATE. The signs, the warnings, the numbers, the business, the data, the evidence is so overwhelming, that it is truly sad to sit back and watch it happen. I don't want anyone to listen to this old man's ramblings, but PLEASE examine what's happening and use your own brains. Don't let some 25-50 year old, wet-behind-the-ears PAID stock salesman keep telling you to NOT open your statements each month. I give up.
