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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (119)	6/6/2002 5:20:22 PM
From: Jim Willie CB	Read Replies (5) \| Respond to of 89467

damn, wanted to bet my Shillelagh for a fresh Yamaka / jw

To: Haim R. Branisteanu who wrote (119)	6/6/2002 10:28:59 PM
From: SOROS	Respond to of 89467

Next 24 Years to Give NO Gains? Haim, I don't think people realize what a bubble the stock market created in recent years OR how long the market can stay down once confidence has been lost. The Dow peaked at something like 380 in 1929. Confidence was lost, and it took 24 years for the Dow to break through that 380 level. The Dow reached 1000 sometime in 1966. That's 12 years from 380 to 1000. It then went up and down for 17-18 years, but never really got past that 1000 mark except momentarily. So we have a 24-year period where "investors" made nothing. Then you have a 12 year period where "investors" made about 2 1/2 times their money. Then you have a 17-year period where "investors" made nothing. Then you have a bull that goes absolutely insane. Other than a blip in 1987, "investors" made almost 12 times their money in the next 17 years. Point is, "investors" (not traders) are just beginning to see how they have been not just lied to by one entity, but conspired against and lied to by EVERY entity related to their Wallstreet "investments". Confidence is about to be not simply lost, but shattered. After an unprecedented Bull market created, at least in part, by lies and deceit, the American "investors" just may create another 24-year period of a market with zero confidence and therefore, zero net gain. Since we know the market never stays constantly flat for 24 years, but we know the numbers at the end of the 24 year period may be about where they are now, I'd say this market at some point (probably sooner rather than later) is going to be toast. Money will be made somewhere, of course. People will return to what they know is real and can't be hidden, massaged, tricked, covered up or lied about -- gold and silver and other REAL assets. This part of the market is so tiny, that it will rocket when everyone realizes what has happened and want to be in earlier than the rest of the sheep. Better late than never, however, as the bulk of the sheep are so brainwashed and will soon be so paralyzed that their retirements and savings will be nothing more than wolf excrement before it is over. Monopoly money has always eventually become worthless. At some point, there is no greater fool to trade the sweat of his labor for pieces of paper that Mr. Greenjeans has been printing in his asylum for so many years to delay the inevitable. He is old and about to die. He obviously did not care to do the things it would have taken to avoid this mess, and now he is cornered with no 1/2 decent option. He will probably do what most people do in these circumstances -- run like a bat. I remain, SOROS