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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (23938)	2/19/2005 12:12:31 PM
From: dpl	Respond to of 116555

"I agree we MAY see deflation, but not until inflation gets much worse first." Sure.And that was the point to my post.As a deflationist I want "short term inflation" and I want the Fed to react to it. "As far as contrary opinion goes, most have been CORRECTLY bullish on stocks for some time. Why cannot the same apply to bonds? " You have to define CORRECTLY. If I thought YHOO was a great long term investment 5 years ago and bought it at 200 was I right because it went to 250? No. Was I wrong when it went to 8? No. Am I wrong now that 5 years have gone by and it is 68(adj for split)? Yes. I have no idea were the next 1/2% is on bonds.I simply believe that they are still in a secular bull and when the RE bubble bursts yields will plunge.That,in fact,could mark the end of the secular bull in bonds.I wanted to buy 10 yrs at 4 1/2% but the dollar kept me from doing so.If the Fed inverts the curve I will buy in buck fulls. David