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5,732.93
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US TECH 100
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Ace Hanlon

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Ace Hanlon

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Re: otraque post# 126239

Thursday, 07/03/2003 10:36:31 AM

Thursday, July 03, 2003 10:36:31 AM

Post# of 704019
Bonds tanking badly today..

The action is beginning to look like a mini relay of 1987. Stocks soared and bonds plunged that year until the disparity became truly absurd following which stocks crashed and bonds soared.

John Hussman whom I consider better than anybody on these matters has opined that 10-year yields at 4% could spell real trouble for stocks. That still allows stocks more upside but the margin for error is getting narrower.


“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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