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Ace Hanlon

09/16/03 3:04 PM

#151715 RE: Zeev Hed #151710

Very impressive rally today. Japan seems to be leading our market higher for a change.

I also note that bond yields are flat today at 4.25% despite the big rally. This is quite bullish since bond yields are going to have to move close to 5% IMHO to decisively break the momentum of this move.