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Worse. In late 1992, that Democrap Clintscum was just elected
President and Soros just broke the Bank of England as the pound
sterling fell 30%.
--- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> 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@x...]
> > Sent: Thursday, March 28, 2002 6:44 PM
> > To: realtraders@xxxx
> > 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) !
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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