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To: Archie Meeties who wrote (63352)	1/30/2001 10:53:08 PM
From: pater tenebrarum	Respond to of 436258

i haven't even watched the lease rates lately...but i know the commercials have a huge net long position, the shares have been acting well, and in spite of almost universal bearish sentiment in the analyst community, buyers for 150 tons showed up at the last BoE auction. certainly one is hard-pressed to find a sector where the expectations are even lower...steel perhaps, but that's all i can come up with. if one thinks about it, the huge carry trade has kept it from signaling the fact that US monetary policy conduct has been dangerously out of kilter for several years now...it may well play catch-up in a rather surprisingly swift manner. i don't believe it myself, and i'm sure nobody else does either...which is why it may very well happen.