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

To: SOROS who wrote (8500)	10/26/2002 2:05:56 AM
From: lurqer	Read Replies (1) \| Respond to of 89467

I'm going to take another pain killer. Liquid I presume. I agree with your market view, and also believe that the plunge to valuations in the P/E < 7 range is coming. Again, I have no argument with the thesis that sadly many will be financially ruined by this plunge. I doubt there is much either of us can do about it. It is part of one of Mark Twain's history rhymes - i.e. it's happened before, it's happening now, and after we're both gone, it'll happen again. The "silver lining" is that means we have a trend - a very dominate trend. So I'm playing the trend. I believe there will be some "traps" (intermediate counter trend rallies), but mainly - "the trend is your friend". Rants are good for venting purposes, but you "can't save the world" or shake the faith of the "true believer". Enjoy your "pain killer". lurqer