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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SeachRE who wrote (58135)	6/16/2002 1:54:01 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 208838

I will admit he might be difficult to read, but I think he has the right idea. I think he sees the world from a different perspective; as he himself suggests it, he feels frustrated by the fact that his theory is not taken seriously and as an indulgence by a stock market guy who made his mark (and billions), yet he believes to be right. If I understand him well, I agree with him in the sense that we, market participants, at some point INFLUENCE the outcome of market price movement BASED on our own psychological reactions to events as they unfold, thus, making these reactions an important force to contend with and part of the whole equation. (and rendering potentially inaccurate a decision based strictly on fundamentals alone). As this takes place, the very basic fundamentals become affected and altered by those reactions... as these fundamentals are changed, then so are the market movements and so on... I think that each one of us as individuals do not consider such reactions important, yet as the reactions multiply by however many participants there are... the force created becomes important and matters... and so on... it is a dynamic phenomenon, which is hard to measure tangibly, yet it exists and very active and imo it has become more important lately. Garbage in, garbage out... Hmmm... Before I call garbage to what Soros says, I would have to have something in form of an achievement (or result), to match his call that broke the Bank of England and made him a billionaire. I do admit that him becoming a philanthropist has not been the brightest idea... but hey, it is his money after all and I cannot fault him. I rather see his money being wasted in bottomless pits than tolerating the burro-rats of the world attempting to collect money from everyone in sight for the same dead-end style causes that Soros seems to be pursuing lately. After reading your comment, it makes me believe that you must be an economist -g