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Re: pstuartb post# 79563

Friday, 06/02/2006 5:51:54 PM

Friday, June 02, 2006 5:51:54 PM

Post# of 148479
All these points (rising rates, slowdown of the housing market, oil etc) were made in April and in October, which did not prevent tradable rallies.

<That's my point about major sell-offs after 10 out of the last 12 rate hike cycles>

You, me, and Hussman know this. But barfing.com and Cramer and those who listen to them, do not :) When the hikes are over, there is likely to be a short-term rally IMO.

A crash in the housing market will be a disaster for the economy - much, much bigger than nasdaq collpase. IMO, when the helicoper guy feels that this is a real possibility, he will lower rates. I hope to be heavily long gold at this time :)

Again, I agree with everything you said. Still, for the next few weeks the plan is to buy the dips (g).

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