Recession Is Scary, but Is There an Alternative to Stocks? New York Times (10/05/01) Vol. 138, No. 16 p.C1; Norris, Floyd
The rate on three-month Treasurys is currently below 2.25 percent. The last recession with rates that low, writes the New York Time's Floyd Norris, was during 1958. Many on Wall Street expect that the current recession will end in the first half of next year and that share prices hit bottom on Sept. 21. Now, the stock market is being helped by signs that the economy was not damaged to the extent most thought after the Sept. 11 terrorist attacks. Share prices, however, are also being helped by the fact that investors are finding it hard to settle for the safe returns found in the bond markets.