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To: Cynic 2005 who wrote (83616)1/18/2000 2:07:00 PM
From: pater tenebrarum  Respond to of 86076
 
it's a theory Jim Bianco has been a very vocal proponent of ever since bonds peaked around the time stocks bottomed in October '98. seems he got it 100% right. funny enough, the stock market's reaction to the extremely strong jobs data suggests that the underlying fears have reverted to fears of deflation, not inflation. this is a view that will be confirmed if and when the stock market tanks on a soft jobs report...