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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (74949)	4/14/2001 6:17:26 PM
From: TWICK	Respond to of 99985

CalPERS "loses" $9 billion in market decline The California Public Employees Retirement System [CalPERS] had a "paper loss" of $9 billion in February, a spokesman confirmed today. The bulk of the loss, $5.4 billion, is attributable to declining stock prices. "We have gains and losses on a daily basis," the spokesman said. "We are not alarmed but are alert." He said the fund, which provides retirement benefits for about 1.2 million former public employees, is "well-diversified" and has more than enough money to meet its obligations, despite the decline in its equity holdings. "We have a healthy fund," he stressed. sanjose.bcentral.com Twick