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To: MythMan who wrote (21430)	2/25/1999 8:26:00 AM
From: Cynic 2005	of 86076

Jinx! -------- February 25, 1999 -------------------------------------------------------------------------------- Heard on the Street Rising Bond Yields Threaten To Spark Deja Vu Stock Slide By SUSAN PULLIAM Staff Reporter of THE WALL STREET JOURNAL How low can bonds go without dragging down the stock market, too? That was a big question in investors' minds Wednesday as the 30-year Treasury bond took a dive, ending the day down more than a full point to push its yield back over 5.5%, the highest level since the summer. Don't look now, traders said, but that doesn't bode well for the stock market. The last time bond yields were at this level, stocks began a slide that ended within a hair's breadth of establishing a bear market, marked by a 20% or more slide. Wednesday, the stock market was within hailing distance of a new high at midday, with the Dow Jones Industrial Average hitting 9600 before worries about rising rates reversed the rally and left the battered average down 144.75 at 9399.67.

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