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I'm Not a Foreclast, Just Because I Can't See a Fat Pitch.
We've borrowed so much from our future, it's just hard for me to vision that we might not be ending the secular bull market. What i'm worried about is like a 68 to 82 period where you go up and down three or four times, but you basly go nowhere. Qualifyir number two is probably more important right now. We've never seen an environment where you had the gap we have now between monetary policy and nflation. This is the most unprecedented cocktail i've ever been served up. So i have more humility than i've ever had in terms of a foreclast. In fact, my positions reflect that. They're very light, not because i'm