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RE S&P + Bonds



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ANOTHER VIEW

Bill wrote

If we are not careful, we could be getting something like this on the
Bonds.
If we hadn't had such a piddling range day today, it might well have done
it.  Now, we may have a couple more days like this, then on 1st May and the
Employment Report, we could have a down day of all days (rather like poor
old Britain had this time last year, when Mr Blair promised that his New
Sleeze-Free Labour would act like a Tory government for the first term and
then become a real Socialist one, in the second term!!  - sorry any
Englishman will know what I'm saying...  and how it puts a whole new
dimension on a 'down day'!!

OR

All the bad news is factored in to the market coming into the Employment
Report as happened on Friday, March 6, when it turned on a threepence at
118'10.


Graham Critchley
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South Melbourne VIC 3205
AUSTRALIA

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