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To: mishedlo who wrote (56596)10/16/2002 12:45:29 AM
From: GraceZ  Read Replies (1) | Respond to of 209892
 
Like I said that was the official story, not necessarily the correct one. As to doing something until there is nothing left, a move out of bonds has everything to do with capital preservation. You do not want to be left holding a fixed income bag when interest rates and inflation start back up. The public has been moving heavily into bonds and bond funds for a while, something they do time and again at the end of the party. If the equity markets pull back hard I'd expect people will start thinking the end of the world is still operational and flood back into bonds. So what else is new?