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I've never been a fan of Jim Sinclair (and that's putting it mildly) but the interview posted up by Iwnattos over at Market Narrative may have changed that, as once you're past the intro and the aren't I wonderful bit, Sinclair offers up some very smart insights and, quite frankly, I didn't know he had it in him. It's also useful to note the timescale in which Sinclair views the market.
Anyway, go read this long but very useful text. Worth your time.