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To: B.REVERE who wrote (179462)7/12/2002 2:21:42 PM
From: reaper  Read Replies (2) | Respond to of 436258
 
we're not headed to Japan levels, IMO. i am long on record as saying i expect a 3-handle by June '03, and i don't think we will see a 2-handle. i will be gradually going from my zeroes to cash between 3.xxxxx and 2.xxxx.

it is not a flight to safety bid. the drop in yields is anticipatory of the upcoming debt deflation, IMO.

Cheers