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Ace Hanlon

02/22/05 4:39 PM

#361623 RE: Zeev Hed #361582

Bonds did not rally today despite big drop in stocks. Quite bearish action IMHO.

Tody's plunge in the dollar may be signalling that the Fed will have to hike rates considerably more than most expect if the buck is to avoid going into free fall.

The implications for the markets are obvious.