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Ace Hanlon

05/01/04 2:36 PM

#238520 RE: Zeev Hed #238516

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.
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RENEEJ

05/01/04 8:08 PM

#238525 RE: Zeev Hed #238516

Novn had 10 times normal volume but only dropped 40cents. Do you hold novn and what spin do you have as to its direction on Munday?