Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (52658)	6/4/2002 11:37:18 PM
From: SOROS	Read Replies (1) \| Respond to of 65232

"Barton Biggs incorrectly forecast that stocks would fall in the 1990s. " [strike one] "Now he says shares are about to rally" [alzheimer's is a terrible condition] "he has a 'hunch'" [probably gas or constipation] "who didn't identify the market measures he uses" [monitoring bowel frequency quite common at his age] "In the July 19, 1993 . . . He predicted U.S. stocks were due for a drop of 20 percent to 50 percent" [strike two] "Instead, the S&P 500 more than tripled" [wife discourages application for Mensa] "As recently as April, Biggs recommended that investors buy more shares of European companies" [hits a long ball] "Declines in major European indexes have surpassed those of the U.S. so his quarter" [foul play] "He was voted the top global strategist the past four years in Institutional Investor magazine's annual survey of money managers." [money managers -- second only to corporate CEO's in trustworthiness and credibility] "Now Biggs says the corporate accounting and management scrutiny that has snowballed since the collapse of Enron Corp. is close to playing out" [strike three] SOROS conclusion: Buy more gold. I remain, SOROS (old enough to recognize another old fart blowing gas, but still young enough to hold my nose and run the other way) .