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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (89272)	7/1/2002 4:15:17 PM
From: SirRealist	Respond to of 99280

Could be a sign of manipulation as well.

To: Crimson Ghost who wrote (89272)	7/1/2002 4:18:08 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

George, it might be related to the post reshuffling period. Zeev

To: Crimson Ghost who wrote (89272)	7/1/2002 4:24:42 PM
From: LTK007	Respond to of 99280

George as i have said ^RUT is my Miner's Canary, and this Canary didn't sing today. This was a major breakdown in the Russell today. Major. Max Also the Complacency in the VXN today was truly shocking, it is saying the vast majority of people are CONVINCED we have bottom. Max

To: Crimson Ghost who wrote (89272)	7/1/2002 4:26:32 PM
From: SOROS	Read Replies (1) \| Respond to of 99280

You actually think capitulation will happen before the PE ratios return to at least a high historical average? The valuations are ridiculous even for the fraudulent numbers that they are based on. Can you imagine what they will be when they are based on factual numbers? Greenspasm was correct in 1996 calling it "irrational exuberance". I say it corrects AT LEAST back to a little above that level. Why is it so difficult for everyone to accept that the stock market is not some historical institution that must always be as it has in the past 20 years? People speak of it like it has been around for 2000 years. It is a relatively new creation designed not that long ago and improved upon in the 1990's in order to get people to part with their money for nothing. It works as long as money flows and is perceived to have value. But, like everything else, too much of anything becomes valueless. And Mr. Greenbean has certainly produced too much. I remain, SOROS