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To: accountclosed who wrote (1525)	5/14/1999 9:55:00 AM
From: Paul Berliner	Respond to of 3536

What's very interesting is the wide disparity between yesterday's and today's pricing data. Who knows what to believe. But when in doubt, sell.

To: accountclosed who wrote (1525)	5/14/1999 10:39:00 AM
From: Henry Volquardsen	Respond to of 3536

no I don't believe so. I believe Greenspan has signaled that he is prepared to await a bit of confirmation on the inflation front before he tightens. He can afford to await knowing that the bond vigilantes will give him an initial tightening by trashing the long end.