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To: Boplicity who wrote (42442)9/24/1999 10:28:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
hey Frenchman, who is keeping score? not me!

big quiet bonus from this nonsense is that long bond yield now is back under 6.0%
this takes pressure off valuations

this market is just plain nervous
many are expecting another October shock wave
so many drags on stocks lately, I am confident a shock is not coming
most drags are lifting

next on the docket: Q3 earnings warnings, then gangbuster Q3 earnings

maybe some of this hunkering into longbonds will aid US$$$
from the tree / jim