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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (7971)	11/26/2001 9:40:21 AM
From: puborectalis	Read Replies (1) \| Respond to of 99280

Lehman scales back tech stock exposure By Tomi Kilgore Lehman Bros. said it was cutting exposure to technology stocks and transferring the funds to traditional cyclicals. "The recent rally has pushed technology valuations into the top-half of their non-bubble trading range," said portfolio strategist Joseph Rooney. "By contrast, traditional cyclicals remain towards the bottom end of their relative valuation range. A revival in growth expectations will be the catalyst to drive another leg of cyclical outperformance."