Pension Fund Red Ink – Check Out Your State

“Stay wary, alert and very, very nimble.”
– Art Cashin
Managing Director, UBS Financial Services
Government Pension Plans Are Headed For D
I read Art’s letter almost every day and, boy, do I enjoy his wit, his compassion and his brains.  In the spirit of Christmas, his post this morning was fun.

‘Tis three days before Christmas
and at each brokerage house
The only thing stirring
was the click of . . .


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