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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (85540)2/16/2001 9:08:03 AM
From: pater tenebrarum  Read Replies (1) of 86076
 
because he's proven to be a smart cookie?

just because he doesn't invest in equities himself doesn't mean he's clueless about equities. obviously a bond investor has to be aware of what happens in equity markets as both asset classes compete for investment dollars.

besides, the market's historic overvaluation is practically a guarantee of poor long term performance from here on out. the time to get back into the market at large will be when it represents VALUE once again....we're a loooong way from that.
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