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Strategies & Market Trends : Ask DrBob
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To: lakeoffice1 who wrote (68923)10/29/2002 12:08:44 PM
From: Drbob512  Read Replies (1) of 100058
 
lakeoffice: We think alike. I am also almost all in cash except a few yella ones.

Wall Street is also hiding the huge pension fund scandal about to erupt. FYI, AMR has more in pension underfunding ($1B) than its market cap of $700M !

And the S&P 500 companies have $38B in pensions that are underfunded and the number of companies with huge underfunding is expected to grow from 240 to 320 by next year!

We shall see how much longer Wall Street can ramp up this market artificially...
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