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Druckenmiller provides encouragement for all of us poor little traders who make
trading mistakes ... if he were perfect he wouldn't have lost $2B in Russia! The
only problem with the sentiment indicators that he referred to is that they are
not reliable in bear markets. Not to say that we are not a bit overdue for a
dead cat bounce in here, but we should not lose sight of the fact that there is
virtually no financial asset in the world which is not in turmoil. We should now
begin seeing the effects of margin calls and fund switching and redemption's.
Earl
-----Original Message-----
From: Felix TY <felixty@xxxxxxxxxxx>
To: Gerrit.Jacobsen@xxxxxxxxxxxxx <Gerrit.Jacobsen@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, August 27, 1998 10:48 AM
Subject: Re: picking the bottom makes dirty fingers
>Dirty is okay to me, but not when they are red bloody stumps!!
>
>
>Yikes !!! Look at the markets!!!
>
>And to think Druckenmiller (Soros' right hand man) was still bullish for
>the Dow Jones
>as of yesterday........(And this guy is really really good at his
>profession).
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