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But, back then, where were the Enrons and Arthur Andersons ?
Plus, had the Dow ALREADY rallied 20% back then ?
> -----Original Message-----
> From: bondo92677 [mailto:bruce.larson@xxxxxxxxxxxxx]
> Sent: Thursday, March 28, 2002 6:44 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: rising on hot air ?
>
>
> Yield curve was just as steep end of 1992. 3%funds vs 7.5% bond
> yield. Gold was hanging around $330 and the Dow at 3200. By the end
> of 1993, bonds rallied 20 pts to yield 5.9%, gold popped up to $400
> and the Dow rallied over 20% to 4000.
>
>
> --- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> > Gold stocks, as represented by the XAU Gold and Silver index, have
> > gained just over 10.0% over the last four trading days, and the
> yield
> > curve (30 year over 2 year) has steepened by 8.7 basis points over
> the
> > last 2 days.
> >
> > Can he equity market continue to fight these negative counter-
> forces ?
> > It's been amazingly bouyant....climbing those "walls of worry".
> >
> > If that yield curve steepens any more.....it may fall over backward
> (along
> > with the economy) !
>
>
>
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