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Post# of 704044
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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 361582

Tuesday, 02/22/2005 4:39:02 PM

Tuesday, February 22, 2005 4:39:02 PM

Post# of 704044
Bonds did not rally today despite big drop in stocks. Quite bearish action IMHO.

Tody's plunge in the dollar may be signalling that the Fed will have to hike rates considerably more than most expect if the buck is to avoid going into free fall.

The implications for the markets are obvious.

“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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