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It took a HUGE rise in bond

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Ace Hanlon Member Level  Thursday, 07/03/03 02:46:05 PM
Re: otraque post# 126513
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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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