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Strategies & Market Trends : John Pitera's Market Laboratory

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To: macavity who wrote (7134)	3/28/2005 2:35:35 PM
From: Jon Koplik	Read Replies (4) of 33421

(warning -- "rant" to follow) More thoughts on no inflation .......................... The CRB a while ago touched a 24 year high. This meant that on that day (and, it has fallen a lot since then, I believe) : Someone who went long 24 years ago FINALLY reached 0% return (after having been negative continuously for 23.99 years). And, the 24 year high in the CRB is nowhere near the all-time high, which was from (I believe) the era when CBOT traders wore buttons that said : "Beans in the teens." (around 1972 or 1973) (Meaning -- maybe soybeans will reach $13.00 or higher per bushel). (The beans never quite made it back in the early 1970s). (Lately, beans are in the $5 - $6 range). So ... a broad based basket of commodities is nowhere near the levels of over 30 years ago. How anyone can look at all of this and declare "boom" or "inflation" or "surge" is "beyond me." Jon.

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