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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (30537)4/28/2003 8:55:26 PM
From: Frank Pembleton  Read Replies (1) | Respond to of 36161
 
I'm waiting for it to give too...but the game has shifted here slightly. Falling energy prices + weakening dollar = a positive readjustment to the current account deficit.

Regards,
Frank P.



To: Broken_Clock who wrote (30537)4/28/2003 9:55:22 PM
From: SOROS  Read Replies (1) | Respond to of 36161
 
Look at EBAY, AMZN, and YHOO. VIX of .001 when these all sport Price to Sales of over 12 or a PE of over 100. Ooops, I forgot. YHOO and EBAY both have PEs over 100 and price to sales of 14 and 20. AMZN is up 6 TIMES since October, 2001 and yet, no profit -- but it's coming -- just like the "second half recovery" of the economy and the truth from Abbey Cohen!

I say get rid of the VIX. All of America is totally complacent when it comes to the stock market. Money means nothing anymore when Greenspasm can print at will and he knows it will move, even if forced to from the barrel of a tank. "These dollars are good, and Mr. Sherman says so!"

I remain,

SOROS