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Re: ajtj99 post# 109232

Tuesday, 05/20/2003 3:34:43 PM

Tuesday, May 20, 2003 3:34:43 PM

Post# of 704047
Looks like I was wrong about a bond top. Another big rally today.. That probably is why stocks are down just modestly.

Market seems to be expecting a cut in the funds rate from 1.25% to .75% soon. That would bring US short rates down to Japan levels.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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