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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (59796)2/4/2000 5:40:00 PM
From: jim_p  Read Replies (1) of 95453
 
I think the jury is still out on bonds. The rally is simply due to supply and demand. It has nothing to do with inflation or the economy.

I had my finger ready to go long on bonds, if the fed increased rates by 50 pts. followed by a strong statement.

Inflation is starting to show up, and a 25 pt. increase in rates did nothing to solve the real problem.

Artifical wealth created by the NASDAQ going out of control by momentum traders, who have never been through a real bear market.

History always repeats itself, and all past mania's have ended in a very painful way.

Have a good weekend. I'm going running. The Austin Marathon is only two weeks away.

Jim
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