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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (245803)6/16/2003 5:38:32 PM
From: Agamemnon  Read Replies (2) of 436258
 
OHOH HOW many states are there?

Ultralow rates, however, are clearly fueling a surge in the stock market. One example: The state of Illinois has taken some proceeds from a $10 billion bond issue to invest in stocks. That, state officials hope, will help close a huge $35 billion pension funding gap. To some, there is a smell of irrational exuberance in the air. "It's reminiscent of the [1990s] bubble," says Henry T.C. Hu, a corporate and securities law professor at the University of Texas.

businessweek.com
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