The basic dynamics of the market are with us for a while. It's not cool to go to a cocktail and say the answer is 'own bonds and lots of bonds, and be long the dollar and continue to own the Nikkei and be short the yen, Everybody likes to turn up to a cocktail party and call turning points, but I don't think we're seeing one ... We may have a change in printing press, but it's the same environment, and the great thing about computers is they don't go to cocktail parties.

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