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To: BGR who wrote (65175)6/28/1999 4:25:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
BGR -- All I see in your statement is a pile of assumptions. Some facts are clear -- rates have been rising all year and there is no way of knowing where they will peak. Today rates went down which suits me fine because I would rather be long. If rates go back up I will be short in a flash. This is the most complacent market I can remember seeing in a long time -- and your assessment is the perfect example IMO.