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Pastimes : Ask Steve
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To: James R. Barrett who wrote ()12/4/1996 1:44:00 PM
From: hpeace   of 4749
 
thread..today soloman said it is cutting it's exposure to equities.

NEW YORK, Dec 4 (Reuter) - Salomon Bros said it lowered its
exposure to equity investments in its balanced and aggressive
accounts.
The firm cut the stock position in the balanced account to
45 percent from 50 percent, moving the five percent into cash.
The balanced allocation is now 20 percent cash, 35 percent
bonds and 45 percent stocks.
In the aggressive account, stocks were moved to 85 percent
from 90 percent, Salomon detailed.
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