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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (158365)	4/4/2002 9:56:42 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

More bullish stuff... S&P cuts recommended equity exposure ($SPX) By Tomi Kilgore Standard & Poor's investment policy committee reduced its recommended exposure equities to 60 percent from 65 percent, raised its recommended cash exposure to 20 percent from 15 percent and left its bond exposure at 20 percent. "Equities remain our asset of choice," S&P said. "Yet since near-term risks are increasing, such as higher energy prices due to tensions in the Middle East, upcoming mega-write offs of goodwill and the prospects of higher short-term interest rates, we believe it prudent to alter the equity-fixed income split to represent a more market neutral stance." The committee said it believes the S&P 500 Index ($SPX) will remain stuck in a 1,080 to 1,180 range for the near term, in light of mixed technical signals and contracting volumes. The S&P 500 is currently down 3.14 at 1,122.26.