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

To: Jim Willie CB who wrote (2583)	7/19/2002 10:19:19 AM
From: SOROS	Read Replies (3) \| Respond to of 89467

Nothing even close to a panic yet. Not even close. Look at a couple of gainers today -- BRCM and MERQ. BRCM -- 5.5 times sales -- losing money -- still reporting PRO FORMA garbage MERQ -- 5.5 times sales -- 138 PE -- still reporting PRO FORMA garbage The sheep are still be lured into the wolves hideout -- and going quite happily along STILL! Not only no panic -- no fear -- no worry -- no concern -- just a little bit of irritation -- and that is only because they are not making money, not because of the decline! I guess today may be painted as another "capitulation" day. I think they need to stop using that word. I don't think it means what they think it means. I remain, SOROS

To: Jim Willie CB who wrote (2583)	7/19/2002 10:29:05 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

bull runs are getting shorter schaeffersresearch.com <<...The bulls would view this increased volatility positively, as "it's darkest before the break of dawn." If only I had a dime for every time I heard that quote in the past several months. The bears, on the other hand, would say that this price action is justified by all of the accounting scandals, declining U.S. dollar, poor economic conditions, and all the other problems plaguing this market. On that issue, we side with the bears. I wouldn't throw caution to the wind and try to play market hero at this point in time...>>