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To: Rarebird who wrote (675)11/5/2001 6:23:02 AM
From: Arik T.G.  Read Replies (1) | Respond to of 686
 
As before, stocks are still valued based on the best case scenario, and the best case scenario itself is the one that which gets devalued.
Now the best case scenario is growth will resume in Q2 2002, and stocks are valued as though this is a certainty.

With the plunge in long bond yield after a clear governmental intervention, investors are left now at a no win situation.
Not good for the pension plans of baby boomers.

ATG


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