Monday, May 16, 2005

Companies buying companies Corporations Spot Investment Opportunities
For example, during the final days of the tech bubble, in the first quarter of 2000, individuals snapped up more than $100 billion in equity mutual funds; in July of 2002, in the midst of the bear market, they sold $50 billion in fund assets, and companies bought back shares. Biderman sees a similar pattern now.


"There are a lot of fears and many of them are contradictory, so I have to believe that some of them are not well-founded," Yardeni said. "Not everything terrible can happen at the same time. It's very hard to get higher inflation and a recession."