Are most retirees comfortable with their finances?
A Keyport Life Insurance Co. survey says, "Two-thirds of Americans who responded said they had not gained much from the decade-long bull market. Of current workers, only 10 percent said their gains would allow them to retire early.""Buy-and-hold still stands," says strategist Sam Stovall. "Day-trading, which spread in the long bull market, will wane with current volatility - but not before taking many investors' hard-earned money."
MAILBAG: A reader from Highlandtown asks: "What is the PSE 100 Hi-Tech mutual fund you talk about on TV?"
It's the Pacific Stock Exchange Tech 100 Index Portfolio, with 100 technology-related companies. Its biggest holdings, in order: Yahoo! Inc., IBM Corp., America Online Inc., Microsoft Corp., Immunex Corp. and Intel Corp.
TRADING UP: "John Murphy of MurphyMorris.comsays investors who favor health care stocks are moving from once-popular biotechs to big pharmaceuticals like American Home Products Corp. and Pfizer Inc." (Individual Investor)
WALL ST. WATCH: "Alan Greenspan is the only cloud over the market right now." (Laszlo Birinyi, money manager)"A big rally will begin from the May bottom with the Nasdaq leading the way. It will outperform other indices for a few months." (McClellan Market Report)"Alan Greenspan will raise interest rates as many times as necessary to slow economic growth, but it's uncertain that the Fed will succeed in engineering a smooth landing." (Bob Brinker's Marketimer)"The market is getting more rational. Prior to April it was controlled by momentum players. Now fundamentals are starting to matter." (Byron Wien, chief strategist, Morgan Stanley Dean Witter)