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Politics : Idea Of The Day

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To: uclatrader who wrote (23209)	2/3/1999 7:31:00 AM
From: GROUND ZERO™	Read Replies (2) of 50167

Shuo, Kona is right on the money...in 1987 rates kept rising and the equities ignored it. Today the 30 year bond is trading around 126.00 to 127.00, in 1987 the 30 year bonds were trading between 68.00 and 72.00..... Rates can rise some along with equities for a while, but the internals were weak and we had the kind of 'gold rush' we see today in the NAZDAQ. That's about it in a nut shell, of course the day of the 508 point drop in the DOW *was* the bottom of the crash, a nice spike bottom.....things change, but not much..... GZ

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