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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (14677)	9/30/2002 5:07:14 AM
From: High-Tech East	Read Replies (2) of 19219

... in my opinion, this is one of Wall Street's 'dirty' little secrets ... or am I being too dramatic? ... ... sometime, during this past summer ... I remember reading (where, I do not remember, but it was probably ContraryInvestor.com) that this issue (below) could/would eventually cause a large "hit" to profits for many large U.S. corporations ... ... I suggest we ask ourselves this question, "If many large U.S. corporations 'have' to reduce their assumed future gains to their pension plans, (a) and then have to start adding millions/billions of dollars of cash to those same pension funds (when they previously have been adding millions/billions of dollars of 'assumed' gains from their pension funds to their P&Ls) ... (b) then, what happens to our stock market?" ... ... please tell me if I am missing something ... Note: this story is not from some 'po-dunk' newspaper; it is from "The Financial Times" in London ... and it was posted on the internet by them at 9:59 PM GMT last night ... It will be interesting if the story is in "The Wall Street Journal" today ... as of right now, it is not on the WSJ on-line. I repeat, "Am I missing something here?" Ken Wilson _________________________ GM fund decline raises shortfall fears By James Mackintosh, Motor Industry Editor Published: September 29 2002 21:59 \| Last Updated: September 29 2002 21:59 General Motors, the US carmaker, has made a negative 3 per cent return on its $67.3bn fund in the first nine months of this year, raising the prospect of a deepening pension shortfall at one of the world's largest corporations. news.ft.com

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