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To: ItsAllCyclical who wrote (59796)2/4/2000 5:40:00 PM
From: jim_p  Read Replies (1) | Respond to of 95453
 
I think the jury is still out on bonds. The rally is simply due to supply and demand. It has nothing to do with inflation or the economy.

I had my finger ready to go long on bonds, if the fed increased rates by 50 pts. followed by a strong statement.

Inflation is starting to show up, and a 25 pt. increase in rates did nothing to solve the real problem.

Artifical wealth created by the NASDAQ going out of control by momentum traders, who have never been through a real bear market.

History always repeats itself, and all past mania's have ended in a very painful way.

Have a good weekend. I'm going running. The Austin Marathon is only two weeks away.

Jim



To: ItsAllCyclical who wrote (59796)2/4/2000 5:46:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
He can't be serious. The long bond rallied because the supply was cut in half. If anything, that rally in bonds just made Greenspans job, much more difficult, as it instantly put the real estate industry back in the pink, and the real estate industry is still going QUITE strong. The CRB decline needs to be put in proper context. The CRB has bottomed after breaking the long term down trend.

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