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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (76215)	12/20/2006 1:57:54 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

Expensive and very risky as an investment vs commodities and gold, in my view. It may be cheap compared to 4.5% yield for 10-year treasuries. However, given 5-6% real (not manufactured government data) inflation, and a 30% dollar drop since 2002 owning treasuries = losing money. SPX moving up < 5-6 % a year is losing money also. Gold and other commodities are good as investments. However, a credit crunch or Pig man raid may cause another wild ride down. I doubt the CBs have the courage to take away the punch bowl.