Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: XBrit who wrote (99272)	7/15/2009 9:12:56 PM
From: SouthFloridaGuy	2 Recommendations Read Replies (1) of 116555

Still maintain the response I sent to you. It's funny how gold/silver bugs are thinking their positions will rise while everything will fall. Everything is the same trade...it's all correlated...it's just a function of beta and the mining play is a beautiful beta play to the upside. I think cross correlations across sectors/instruments are even more today than in 2007. It's a great thing when things go up - which I think continues as the comps in Q3/Q4 will be absolutely pathetic. It's a nightmare when it falls. Think 2008. The trouble potentially comes in 2010 especially if we have a "W" recovery. Heck maybe there's even a retest if we get some sort of black swan. Still, there's a boatload of money to be made between now (say, September) and March 2010 especially if the rally becomes narrow (commodities, technology,...). Think 1999...

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