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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lucretius who wrote (20278)4/24/1998 2:25:00 PM
From: The Ox  Read Replies (3) of 95453
 
Sorry about the misunderstanding. Keeping up with the hundreds of daily posts on this thread can be a challenge for me.

I still don't see the overall bear market you are predicting. We need a correction, IMO, to keep this bull run healthy. I don't see the FED raising rates in May. I don't see the flow of money from the babyboomers slowing anytime in the near future. Bond yields are still low enough to make the stock market very appealing. At the moment it doesn't look as though the U.S. will be engaged in a war anytime soon. While employment is very high, we haven't seen serious wage inflation that one normally associates with low unemployment.

So what's to be overly worried about? Asia? Irrational exuberance? Is it possible that the gold bug has clouded your view?
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