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To: LLCF who wrote (143341)1/12/2002 1:19:30 PM
From: smh  Read Replies (1) | Respond to of 436258
 
DAK,

I would really like to hear your thoughts on this notion that the biotech bubble might reinflate:

Message 16899480

Regards
SMH



To: LLCF who wrote (143341)1/12/2002 7:45:30 PM
From: Simba  Read Replies (2) | Respond to of 436258
 
I never thought I would have the same thoughts as the great SOROS.

SOROS:

" ..I must state at the outset that I am in
fundamental disagreement with the prevailing wisdom. The generally
accepted theory is that financial markets tend towards equilibrium, and on
the whole, discount the future correctly. I operate using a different
theory, according to which financial markets cannot possibly discount the
future correctly because they do not merely discount the future; they help
to shape it. In certain circumstances, financial markets can affect the
so-called fundamentals which they are supposed to reflect. When that
happens, markets enter into a state of dynamic disequilibrium .."

Me:
Message 16725101



To: LLCF who wrote (143341)1/12/2002 7:51:33 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
I don't think ahhaa necessarily believes markets are efficient -- where did he say that??