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Ace Hanlon

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Ace Hanlon

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Re: hk2 post# 9623

Thursday, 10/30/2003 11:49:19 AM

Thursday, October 30, 2003 11:49:19 AM

Post# of 13554
Surging bond yields aborting the stock rally as expected.

Interest rates will be the achilles heel of this bull IMHO. Namely the bull is hugely dependent on extraordinarily low rates which simply cannot continue much longer. Rates MUCH lower than they were the last time the stock averages traded at current 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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