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To: Lee who wrote (38885)4/24/1998 4:56:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Hi Lee! Maybe you need to post those data to LT -- they are quite persuasive to me. He's been on this kick for awhile. He contends that commodities like oil and gold will be the only safe havens. Now gold makes sense if you believe that the dollar is going to fall, BUT what would make the dollar fall? How about falling interest rates! But if interest rates fall the equity markets should go up ceterus paribus.About the only scenario in which his predictions make sense is if we had a re-emergence of the mid 1970's -- an oil induced worldwide hyperinflation which crippled oil-hungry industries, thus leading to years of high unemployment and a stagnating economy.

TTFN,
CTC



To: Lee who wrote (38885)4/25/1998 8:12:00 PM
From: Boplicity  Respond to of 176387
 
re: it seems a huge stretch that the whole thing is going to immediately reverse.

Thanks for the well thought out response to my tongue in cheek post. I have no doubt the market will go down, a lot maybe, but long term "IT IS GOING UP". I have faith in capitalism.

Greg