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To: John Vosilla who wrote (854)6/8/2007 11:46:35 AM
From: Dale BakerRead Replies (2) | Respond to of 1718
 
That's the beauty of broken-clock analysis; it's never wrong until it's proven right by the inevitable cycles in the universe....then it's wrong again but not really because one day it will be right again....and so it goes.....



To: John Vosilla who wrote (854)6/8/2007 4:05:13 PM
From: SouthFloridaGuyRead Replies (1) | Respond to of 1718
 
John, the yield curve only moved to a more rational posture. It's a function of growth being way better than investors otherwise thought. As I mentioned last night, inflation expectations haven't even budged - yet - so that's actually a good thing for equities once people take the new bond rates and plug them into their models.

I'll say it once and I'll say it again, this market cracks with rates over 7%, not 5% or even 5.5% for those who think I'm lowballing.