Mr. Pink's Picks: selected event-driven value investments Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Phil(bullrider) who wrote (3070)	9/18/1998 1:29:00 AM
From: Sword	Read Replies (1) of 18998

Oh, oh. The largest pension fund in the U.S. has lost a good bit of money so far in this bear market. But what really hit me is that the benefits for the pensioners are GUARANTEED by the agencies that employ the fund. Now let's see, if the market crashes, does this mean that the agencies' budgets will go bust? This would cause the government to raise taxes further spiraling us into a recession. And the fund manager says that no matter what they will stay fully invested. Somehow that doesn't sound like good money management to me but more like blind faith that we'll never experience another situation like the crash of '29 to '31. nandotimes.com -Sword

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next