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To: greenehugh who wrote (4999)11/1/2002 5:10:27 PM
From: Shack  Read Replies (1) | Respond to of 10157
 
The major force behind this may be a long term reallocation out of bonds into stocks

Perhaps, but this is yet another one of the bull's favourites. I have to say that the rally in bonds is now in its 20th year and the bottom has been called many many times.

Of course we could get a cyclical bear in bonds within the bull but I don't think that's the case either, too many folks calling the top in bonds on CNBC. BTW, today's action in bonds may be very telling, They rallied strongly from 12 PM on in the face of a rising market. I consider bond players smart money.



To: greenehugh who wrote (4999)11/1/2002 6:05:08 PM
From: JRI  Read Replies (1) | Respond to of 10157
 
I keep seeing about price as the ultimate evidence...shouldn't this be price AND volume?