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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (46130)	1/10/2002 3:17:29 PM
From: Sully-	Respond to of 65232

SSB cuts U.S. equities to 'underweight' By Tomi Kilgore 01/10/2002 14:02 -------------------------------------------------------------------------------- Salomon Smith Barney's global equity strategy team lowered its weighting on U.S. equities to "underweight" from "overweight" due to its recent relative outperformance and valuations discrepancies. The firm assured that its weighting change "is not based on a negative 'take' on the U.S. stock market," but more on the recent run up. It noted that its U.S. strategist's, Tobias Levkovich, S&P 500 Index target stands at 1,300 to 1,350, about 12 to 17 percent above current levels (1,157). SSB feels European and emerging market equities offer "better value" and have "similar or more" upside potential coupled with "less valuation-inspired downside risk."