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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (34072)	3/24/2003 4:09:20 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

I need to go back and read the barron's articles. I should probably try to read before the market opens:-)

To: Techplayer who wrote (34072)	3/24/2003 4:11:24 PM
From: Techplayer	Respond to of 57110

found it: And equities? A: We have very small long positions in all the major equity markets, and we are making different sector bets and taking bets on different sector spreads by going long some sectors and shorting others. We just recently started buying equities after a hiatus of a couple of years. Pricing became attractive only recently. Another plus for equities is that under funded pension plans in the U.S. are going to have to make pension contributions. They will end up purchasing stocks. Those numbers could be in the vicinity of $100 billion-$150 billion -- that's a lot of buying. So not only do equities look comparatively cheap, but add in the sizable pension-fund purchases, and that's a lot of demand.