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To: sea_biscuit who wrote (2326)5/12/2008 6:19:57 PM
From: LTK007  Read Replies (2) | Respond to of 3906
 
Would not count on Market going up to new highs, as i see this as stagflation. Costs of commodities will cut into growth among other factors.
Marc Faber, who is a genuine genius.
He had his Phd in Economics by the age of 21, and he , among other things, is a fine historian.
Well anyway Marc Faber wrote a classic article on how inflation reaches a point where you have inflation and recession simultanously--i think one need consider that.
Marc Faber as yet to move away from his target for Gold being 3000, by say 2012.

Argentina when it was inflating severely its StockMarket was also crashing.Max




To: sea_biscuit who wrote (2326)5/12/2008 6:25:42 PM
From: LTK007  Respond to of 3906
 
<<within a year when the bond yields start climbing up and the stock-markets>> Time is coming to short treasuries, me thinks.