Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (144468)	1/17/2002 6:50:28 PM
From: reaper	Read Replies (4) of 436258

$9.1 billion pension shortfall seen by GM pionline.com "As a result, the automaker expects to take a $1.37-per-share hit to its pre-tax earnings in 2003, when it anticipates contributing about $2 billion to the pension plan for hourly employees ....." This is GOOD for the stock market. The more under-funded the pension plans of GM, Ford, AT&T, HP, and others become, the more cash they will have to invest in the stock market to shore them up. This indicates huge demand for equities in the future, which will drive prices higher. <g>

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