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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Kapusta Kid who wrote (88775)1/23/2001 9:39:43 PM
From: Knighty Tin  Respond to of 132070
 
Pete, I agree. I wish it were thoroughbreds, but I don't think it will be. <g> I am hot to trot on commodities over the next ten years, as I think they have mostly been too low for too long. Oil and gas have already had their run, as have my favorites, platinum and palladium. But there are many others that are still in long term bear markets. But, my absolutely best guess of what will inflate is non-dollar currencies and top rated bonds in those currencies, although I have more faith in the currencies themselves than in the fixed income instruments.

One thing I see arguing in my favor is that about 98% of all brokers do not even have a Series 3 (futures) license. It wouldn't be a great bottom fishing opportunity if the avg. broker and the avg. customer were armed to take advantage of it.

Stocks could inflate again, but I suspect we have started a bear market in equities and the current move up is just a hiccup. My best guess is that the next rate cut does almost nothing to help stocks and the one after that actually causes them to decline. At which point we will have totally exhausted Greenspan's repertoire and poor old Dubya doesn't even have a repertoire.