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John Jet

08/20/04 6:06 PM

#287066 RE: Zeev Hed #287065

What followed was a 5-year bull market (to '87) or an 18 year super bull (to 2000), depending on how you measure it.

I remember it well. Interest rates had come down from 18% to 8% or so, the market had been moribund all summer long, and suddenly the market literally exploded to the upside on huge volume.