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no way... and a steep yield curve existed from 2001 to 2003, yet the market saw nothing but declines.
May 02 16:25 pm
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All Comments by Echo To All »Fed Delivers a Steep Yield Curve: A Bull’s Best Friend [View article]
make no mistake, this current rally is from the anticipated spending from the rebate checks. That is it. anyway you view the spending it will be beneficial... ie pay down debt (less deliquencies), gas, shopping... whatever. As a bandaid to the economy, for a few months (if that), until the job market and wages (HOPEFULLY) pick up again.