To: NormsRevenge
I wonder if California teachers would like it if they knew that CalPERS has $730 million invested in Carlysle.
2 posted on
02/09/2005 10:24:02 AM PST by
doug from upland
(I would trust Stevie Wonder to give me a ride before I'd trust Ted Kennedy)
To: doug from upland
For sure - I wonder what's really on this guy's mind...
3 posted on
02/09/2005 10:24:39 AM PST by
trebb
("I am the way... no one comes to the Father, but by me..." - Jesus in John 14:6 (RSV))
To: doug from upland; trebb
I think what he is saying is that equities (stocks) are fully valued now. Putting more money into the stock market will drive stock prices up -- but the stock values will be unrealistic in relation to each company's earnings and assets.
As it is, much of the S&P 500 is trading at or near 52 week highs and with correspondingly high Price/Earning and Price/Book ratios.
4 posted on
02/09/2005 10:30:00 AM PST by
BenLurkin
(Big government is still a big problem.)
To: doug from upland
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson