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To: Sonny McWilliams who wrote (54674)4/28/1998 9:07:00 AM
From: Jim McMannis  Respond to of 186894
 
Sonny,
I sold some bonds yesterday. No stocks.
Market is likely to rationalize its way higher. Still some momentum longer term.
You asked why a rate hike could prolong the bull market? It's like pulling the choke chain on the economy. Slows it down but not enough to stop it's final destination just the amount of time it takes to get there. Time is an important factor in how high we go.
Jim