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You mention that it will take a bond move to 7% before stocks will be
affected..... I respectfully disagree. That's a 1% plus move which would
DRASTICALLY affect the U.S. economy (housing/ mortgages, and this credit-run
system would be shocked by such a move at this point, given the level of
general indebtedness). It took SUBSTANTIALLY less than that..... about a 20
basis point RALLY in bonds in March to contribute immensely to the March to
present stock rally....
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