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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (58722)4/19/2006 8:13:34 PM
From: Wyätt Gwyön  Read Replies (2) of 110194
 
i think the PMs are much more popular than Heinz gives them credit for. they have a huge fan base among hedge funds and other institutionalized investors, despite being one of the worst destroyers of capital among all industry groups. hell, even Creamer is touting the gold stocks like KRY, gold/copper like FCX, and other mining stocks like BHP and RTP. you can't get more front page than that.

the fact that PMs are ludicrously expensive based on free cash flows (and thus must be treated as lottery tickets to justify current prices) is another indication of their huge popularity.
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