No. of Recommendations: 3

Either today's events in Iraq will mean a flight to treasuries, because that's what people do when they get scared about the future, or it will mean a flight from bonds, because people will be worried about further deficits to deal with the consequences of Wolfowitz's arrogant ignorance, Rummy's viagra machismo, and Bush's waste of a privileged education. Or the two will balance themselves out.

This is why I don't try to guess the market.
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