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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (15046)	7/14/2002 11:35:57 AM
From: The Ox	Read Replies (1) \| Respond to of 23153

Here's an article that energyplay posted back in May. I think it's another interesting view on a different "pension fund" factor that's probably having a major effect on the markets: Message 17449595

To: The Ox who wrote (15046)	7/14/2002 11:03:20 PM
From: Gottfried	Respond to of 23153

MH, thanks for your words of caution. Even LU is still spending a lot on R&D [I saw the numbers somewhere and was surprised]. There are not too many widows and orphans investments any more. [How did orphans ever get money to invest?:)]. Witness the decline of utilities, caused partly by the fact some of them are being investigated. Some, Like PCG and EIX abruptly stopped paying dividends. I'll assume for now that any tech rally will be temporary. I look forward to being proven wrong by the charts. BTW, in spite of recent poor performance EIX and PCG handily outperformed SP500 over 2 years finance.yahoo.com G.