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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (48528)	6/21/1999 6:50:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

yep, I am assuming new lows in da bond in the next couple days to begin the reversal. The consensus last week was that a one-time tightening was laready factored in and it was off to the races again... even Easy Al said just what the bond mkt wanted to hear.. YET, it couldn't rally today and dumped..... suddenly reality appears somewhat different and that 50% overvaluation in stocks according to the Fed model may soon approach 70% as rates move up to 7% as I suspect they will... then when everyone realizes that these higher rates aren't an abberation (as FRE is telling us).... we TANK. my guess is that a tanking in stocks will coincide w/ a BIG rally in gold to make it plain to everyone that Dr. Inflation is back. Coincidentally, the BOE slaes begin on July 7th.. also day 55 of the topping rpocess should we make it that far.... mmmm? what if gold rallies in the face of the BOE sale... things could get a little messy. but of course, that is all just fantasy... I'd be long the naz if I were you.