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To: Sonny Blue who wrote (42273)2/24/1999 4:05:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164684
 
The bond market got whacked hard again today. Someone was speculation on inflation, but I think the real problem will turn out to be the enormous trade deficit that will eventually erode the dollar.

Whatever the cause, high priced stocks do not do well when money gets more expensive.



To: Sonny Blue who wrote (42273)2/24/1999 4:07:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Glen, be careful. More selloff tomorrow. Stocks must be balanced with today bond's
re-valuation, and we don't know what that should be yet.

Sonny,

Agreed. I did want BCST back and could have bought back for less in hindsight. I did sell YHOO higher than the close so am lighter than the beginning of the day. I don't know. The bonds are a problem for sure.

Glenn


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