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Post# of 704047
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jdaasoc

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jdaasoc

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Re: Zeev Hed post# 39566

Tuesday, 10/29/2002 5:04:49 PM

Tuesday, October 29, 2002 5:04:49 PM

Post# of 704047
Agree that next move is not down. The longer he hold rates steady, the more pressure for completion of bonds assets into equities conversion that has happened since 7/22 will continue awaiting the recovery in economy.

Rate hike is coming next year when pricing power returns to the likes of CSCO INTC etc.

That is wild card. Pricing power right now looks ropey and lower rates don't help one iota.

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