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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 100208

Tuesday, 04/22/2003 10:35:49 PM

Tuesday, April 22, 2003 10:35:49 PM

Post# of 704041
Looking back now I think the key factor signalling a strong rally was the sharp narrowing in corporate credit spreads and the resultant surge in junk bonds. Having profited greatly in junk bonds this year, I was too slow in realizing the full significance of that rally for the stock market.

“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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