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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (1171)	5/28/2003 5:00:36 PM
From: SOROS	Read Replies (1) \| Respond to of 3432

CAN ANYONE ANSWER THIS? Maybe you know, Rich? Here were the last two posts I made on Wolanchuk's thread before I got banned. Wally's responses also. You be the judge if he answered the questions or not -- other than he does not believe PE ratios have any meaning. Does anyone that supports him actually KNOW the true answers to these questions IF he were to answer them -- especially what advice he was giving from April, 2000 until October, 2002? To:da_cheif who wrote (9203) From: SOROS Tuesday, May 27, 2003 9:21 PM View Replies (2) \| Respond to of 9239 cheif, Please give me your opinion, even if this does not matter to you. I'm really interested in your answer. Look at the PEs of just these few stocks: finance.yahoo.com If this market continues to climb, what will happen to the PEs of these stocks? Do you think business and pricing is going to get so much better that the PEs will drop? Do you think that PEs don't matter, and whatever the technicals of the market are will dictate the PEs and no one will care if they double from where they are now? Where do you think the PEs of the above stocks can actually go? Do you think earnings even matter in the price of stocks and the market in general anymore, or do you think all pricing action in stocks follows patterns and no one even watches fundamentals, but rather buying and selling pressure or what I like to essentially view as greed vs. fear? Do you think these stocks are over-valued, or can a stock even be over-valued in your opinion? Lastly, what caused the Nasdaq to fall from 5000 to 1100? Was it simply a pattern? Was it because of over-value? Did PEs have anything to do with it? Was it simply fear overtook greed and then simply momentum? And since I really do not know, what advice were you giving from April, 2000 until October, 2002? I'm not trying to bait you. I'm really perplexed by this market and trying to understand all sides and views. Thanks. I remain, SOROS . . . . To:SOROS who wrote (9208) From: da_cheif Tuesday, May 27, 2003 9:45 PM View Replies (3) \| Respond to of 9239 soros...I can understand your confusion....it is a product of your upringing.....that being that pe ratios mean something.....not once on this thread or any other thread you have seen me on have i ever talked about pe ratios....and the reason being is that PE ratios are part of a fundamental equation....and since this is a game of winners and losers...of course the winners allways in the minority...its essential to remember and to recall that all thru your life and conversations with supposed learned and astute market observers especially those educated in economics...the phrase pe ratio is indemic amongst most market observers....the losers....winners look at the market and losers look for their message about the market from elsewhere...such as PE ratios....and company earnings and chit.....its essential to remember that if you want to know where or what the market is going to do that message comes from the market and no where else.....so forget everything you know or think you know about the stock market and concentrate on the markets message.....and that message comes from following the tracks of the smart money...we dont care who they are....all we know is that the smart money allways does the right thing...and in that regard the identity of the smart money constantly changes....the smart money is only the money that is doing the right thing at the right time......and they leave their tracks...and only thru technical analysis will you be able to follow the smart money....the market is a dirty game...the dirtiest on the planet...but it is also the fairest as the message of the market is not hidden from anyone.....i am living proof....remember ..what everyone knows isnt wurth a chit...... . . . . To:da_cheif who wrote (9210) From: SOROS Wednesday, May 28, 2003 12:16 AM View Replies (1) \| Respond to of 9239 I think I understand where you are coming from now -- but still can't bring myself to buy a market that is so "over-valued" -- historically-speaking using the now irrelevant PE ratio. You certainly don't owe me anything, but I am still curious what you were saying and telling others from April, 2000 until October, 2002. Just trying to determine who to listen to and with what weight going forward. I remain, SOROS . . . . To:SOROS who wrote (9219) From: da_cheif Wednesday, May 28, 2003 12:55 AM View Replies (3) \| Respond to of 9239 a prime example of an intelligent person not using his instruments but his gut feel which led to his untimely was John Kennedy..didnt trust his instruments.....not enuff experience.........there you go again.....your not listening......"over valued".....is fundamental chit...sorry...but until you stop your kind of questions at the end of "I think I understand where your are coming from now"....without adding that other kinda crap stuph and opening ur ears instead of your mouth maybe youll learn something... eaching an ol dog new tricks is not wat im here for...so best of luck....and dont let the door hitchu in da azz on the way out....