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Agree G'span adressed the other side of the equation last night...On the 1
hand he needs a confident US consumer to ensure an economic recovery via
wealth effece via RE & stock etc (which increasingly he had for the past
few weeks /months whatever)...on the other hand he needs low bond yields
...but even he unfortunately hasnt worked out how to get both,
simultaneously , (not simultaneously for long anyway)
Michael
----- Original Message -----
From: "John Nelson" <trader@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, January 12, 2002 5:29 PM
Subject: Re: [RT] Ebay new targets
>
> T's are back up to par! I expect a flight to quality and back to bonds in
> the upcoming weeks as investors realize that, despite all the rah=rah from
> Wall Street, there's no quick short-term recovery in the offering.
>
> Sound like a bond goul don't I? You betcha there's a reason.
>
> -- John
>
> --
>
> __________________________________________________________
>
> John T. Nelson | John's Trading Journal
> trader@xxxxxxxxxxxxxxx | http://www.computation.org/
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