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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (35557)	9/17/2001 6:48:15 AM
From: puborectalis	Respond to of 37746

Lehman bets on equities Brokerage increases recommended weighting in stocks to 70% from 60% September 17, 2001: 6:03 a.m. ET NEW YORK (Reuters) - Lehman Brothers said Monday it raised its recommended position in stocks to "overweight" from "neutral" and cut allocations in bonds and cash, saying that stock prices looked cheap around the world. Lehman global stock strategist Joe Rooney raised his global allocation in equities to 70 percent from 60. He cut his global bond allocation to 30 percent from 35 percent and cash to zero from 5 percent. "European stocks are currently more cheaply valued than at any time since January 1988. Crucially, it is now the case that global equity valuations have also moved into unambiguously cheap territory," Lehman European strategist Ian Scott said in a research note. Stock prices have been falling for more than a year as investors worry that slowing economies around the world will further hurt already weakened corporate profits.