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<P>ted stampeen wrote:
<BLOCKQUOTE TYPE=CITE> <B><FONT FACE="System"><FONT COLOR="#000000"><FONT SIZE=+1>ANYONE
WATCHING THE BUTTER OR CHEDDAR CHEESE MARKET???</FONT></FONT></FONT></B></BLOCKQUOTE>
My brother-in-law, Michael Downes, is king of Dairy markets. He
helped the exchanges develop these products. You can check out his firm
and get the latest news on the dairry markets at http://www.dairy.nu. Tell
em Norm sent ya. <G>
<P>Churningly,
<P>Norman Winski
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</x-html>From ???@??? Wed May 26 06:57:29 1999
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From: "JW" <JW@xxxxxxxxxxxx>
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Subject: Investor expectations
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>From Money Daily email:
GREAT EXPECTATIONS: Both old and young have great
expectations on stock returns, finds a
PaineWebber/Gallup poll of investors. The young,
defined as those under 30. who make up 10% of all
investors, expect average returns of 19.3
percent, (17 basis points more in April). The old,
those over 30, by contrast, only are looking for 14.8
percent, down from 11 basis points in April). Eighty-
five percent of the young also think it's a good time
to buy stocks, even though more than half say the
market is overvalued (up from 40% in April). They're
also less concerned about the effects of international
events to U.S. markets. Meanwhile, the old
have pared down levels of sanguinity. Nearly 75
percent of them think now is a good time to buy
stocks, again, despite 55 percent of the respondents
thinking the market is overvalued. Still the foggies
are much more fearful of the effects of worldwide
events.
These great expectations (the historical average
return for equities, after all is below 10 percent),
puts professional money managers and stock mavens in a
bit of a bind. But at least they would expect more
realistic returns. It will be interesting to gauge the
reaction from these investors when
performance returns to the mean.
JW
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