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Ace Hanlon

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Ace Hanlon

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Re: otraque post# 126513

Thursday, 07/03/2003 2:46:05 PM

Thursday, July 03, 2003 2:46:05 PM

Post# of 704019
It took a HUGE rise in bond yields to crush the 1987 stock bubble. I would pay close attention to John Hussman's argument that 10-year bond yields will not be major negative for US stocks until they reach the 4% area. Closed today around 3.65%.

“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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