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True no one person controls any market. But Soros seems to be the one pricking
the balloon. It was Soros who generated the run on the British Pound somewhere
in 1990/1991. (I was also part of the herd.)
I also agree that most of his sprints are short lived, but that is besides the
point. He has enough followers to create PANIC in markets and psyche people,
since most people tend to give his voice weightage people react as a herd.,
after all the markets, TA is just mass psychology no ?I consider him like an
Insider trader of currencies, something to that effect.
With Soros īs mouth shut maybe the IMF would have handled any Asian crisis one
at a time......That he is responsible for the Thai Bath run anyone who knows
anything about Asia will confirm it for you.
Lionel Issen wrote:
> Rajesh:
>
> You are incorrect. No single person or group can control the markets. Back
> in 1929 during the crash period when the markets were going up and down; it
> was easier for a few wealthy individuals to try to control the market, but
> they couldn't. For example: at one point John D. Rockefeller, then
> considered the wealthiest person in the world, said that there were great
> values in the market and that he and his son were buying Shell at 45. Shell
> shares proceeded to fall to the lower 20's. The markets are much larger and
> so it is much more difficult to control them now than it was then. Yes,
> Soros has caused some currency panics, but weren't they short lived? Also,
> Soros has lost many $ on wrong guesses.
>
> There were warnings for years about the fragility of the Asian economies and
> their banking systems. Just dig out the financial papers and do some hard
> work research or talk to a knowledgeable person.
> -----Original Message-----
> From: Rajesh <rajesh@xxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Thursday, August 13, 1998 8:54 PM
> Subject: Re: Politically and Socially Incorrect
>
> Soros is the real culprit of all the current problems (except for
> zippergate).
> Starting with Thailand, Indonesia etc Soros, as we are aware has a huge
> following. It is not Sorosīs capital that frighten countries but the
> followers
> that jump in behind Soros. Soros talks and currencies walk.
>
> Blame it squarely on Soros.
>
> Guy Tann wrote:
>
> > What you really have to worry about is Russia dragging down the rest of
> the
> > European markets, especially Germany which has a large exposure to the
> > Russian problem.
> >
> > This can spread throughout Europe and combined with the Asian problem
> might
> > mean that eventually it'll reach us here....
> >
> > Then we'll be looking for anybody to blame.
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]
> > On Behalf Of Bill Saxon
> > Sent: Thursday, August 13, 1998 8:24 AM
> > To: Fasttrack EMail List; Metastock EMail List
> > Subject: Politically and Socially Incorrect
> >
> > F* those Russians. <]:-(
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