[arete]

Well, CNBC reported the story yesterday. What CNBC reported is not a shift or reallocation, but the actual selling of pension fund issued bonds to raise cash to buy stocks.

Richard W.

[LS]

Well, a) it is CNBC. But b) unless you have a clause in your pension fund that allows you to control where it goes (as I do), you don't have a lot of control over this. But they shouldn't sell bonds to buy stocks---that is ridiculous. Reallocate, yes.