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

To: CalculatedRisk who wrote (37215)	9/15/2005 9:40:38 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 116555

Judging by the action in the bond market, the Fed is opting for inflation over rate hikes. The Greenspan put lives. Unbelievably myopic policy because it just will make the debt bubble bigger! Akin to building a levee for a below sea level city that can only withstand at Category 3 hurricane. However, as I have been saying, the valuation buffer that stocks have over bonds, clearly makes stocks the lesser of the two evils. Expect Natural Resource stocks to power the final leg of the cyclical bull market.