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Politics : Stockman Scott's Political Debate Porch

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To: T L Comiskey who wrote (22825)7/21/2003 10:03:06 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
dont look now, but TBond bubble got pinpricked bigtime
TENS yield is at 4.02%

S&P is down 8+ pts, but bond yields are up 5 bpts
this could be a "double-down" day for stocks & bonds

huge gamble now by stock market
money has gone out of bonds, into stocks
stocks anticipate hefty rise in earnings
they will only get a pittance rise
by winter, we will have stocks, bonds, and dollar all heading down
and gold heading up so clearly that even Xeev will be able to notice

/ jim
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