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Post# of 704048
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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 238516

Saturday, 05/01/2004 2:36:58 PM

Saturday, May 01, 2004 2:36:58 PM

Post# of 704048
Zeev:

If you remember I posted to you a few weeks ago that turmoil in the bond market had the potential to derail a lot of bullish equity forecasts.

Leverage in the economy and the markets is much higher today than in past cycles, so the idea that the markets can continue to do OK for a while even as rates rise is highly suspect -- especially with valuations so elevated.

“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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