jes black disagrees with grant on $a

  1. 13,545 Posts.
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    from oct 03/10/04


    Bottom Line:
    Last week we said that almost every which way we look at the bond market something yells, “Top.” Bonds appear to have topped. Stocks on the other hand caught a huge bid on Friday, forcing us to reassess the immediate bearish implication as investors remain in “Investor Nirvana.” Our favorite currency for the foreseeable future (probably 3 months) is the Australian dollar.
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