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<p>[QUOTE=&quot;medoraman, post: 1051149, member: 26302&quot;]Hot money. That is what is driving this market to consistent new highs, just like housing, oil, tech stocks, internet stocks, PM in the late 70&#039;s, etc. Look around, there are no good investment areas right now, nothing else is &quot;hot&quot; and there is a huge buildup of cash in hedge funds. Hedge funds make money by buying above average return assets, and the LBO market is slow, financial derivatives are risky, so they are looking for short term parking of their money to make returns. Its not a fundamental supply/demand imbalance, its money chasing returns, just like previous markets mentioned.</p><p><br /></p><p>Thats my belief anyway. In a few years we will see to what extent hedge funds are behind this, just like it took a couple of years to see how much of the oil price rising to $140 was driven by them.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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