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To: Follies who wrote (22292)10/27/1998 11:03:00 AM
From: dwight vickers  Respond to of 116791
 
Jimmie Rogers was no doubt very loud and adamant that the long bond wouldn't break the old lows of 1993 and 1995.

And he had lots of company on Wall Street. 99% agreed with him.

His mistake was expecting inflation to come roaring back. The CB's money printing has been offset by the deflationary collapses of markets all around the world.

Calling the direction (especially short term) of interest rates and stocks is an impossible job. No one does it more than once or twice in a row. Ask Garzarelli, Prechtor, Granville, Dines, Livermore, etc., etc.

But Jimmie's analysis of the economic situation, especially worldwide, is a don't miss.

Dwight