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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (3337)	8/11/2003 5:27:00 PM
From: Grommit	Read Replies (1) \| Respond to of 4690

Here's one opinion. I'd toss this clown's views aside, but his record suggest he may not be all bozo. Soros is no Buffet, but his sidekick may be worth a read anyway... biz.yahoo.com Well Brice, the excesses in the financial markets are what you should always sell short. Back in 1980, oil made up about 30% of the S&P index, it was so strong and so powerful. But of course you should have shorted oil at that point. By the way, technology made up about 30% of the S&P five years ago. Financials now make up about 30% of the S&P today and that's where the excesses are. I don't think you have to be a genius to know that that's where we've had the massive excesses of the past five years. So I'm shorting the financials. I'm shorting us. I'm shorting you and me. Fanny Mae FNM -- I mean that's one of the names I mentioned; I'm shorting money managers; I'll probably be shorting some of the brokers soon. That's where the excesses are. Citibank (NYSE:C - News) will be a short -- I'm not short it at the moment -- that will be a magnificent short. Those will be the places to be. This is going to cause enormous dislocations in many other markets. I'm short Fanny Mae, (NYSE:FNM - News) for instance. FNM will be a $5 stock before it's over. There are going to be huge dislocations because there has been so much credit and so many derivatives built up in the past five, ten years that we've had this explosive bull market in paper, if you will.