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He expects to be vindicated when the market emerges from the current downturn and, he insists, PSINet's assets rebound in value.
A.I.G., sensing that the bonds were poised for a rebound in value, made a $15.7 billion bid for the entire portfolio last year.
THE rebound in value stocks last year could not have come soon enough for the six portfolio managers who run the Franklin Mutual Series, the $20 billion family of mutual funds once managed by the legendary investor Michael Price.
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But the dinar has rebounded in value.
Such funds often drop below their net asset value just prior to a dividend, only to rebound in January.
The gold-plated controllers are probably a safer investment than a pile of game consoles from 1996, though: The value of the precious metal has started to rebound in recent months.
Banks that had marked down the value of the assets on their books during the dark days of the crisis are now enjoying a rebound in the value of many of those assets.
Shares started the day higher but turned sharply lower at midmorning as interest rates rose and a rebound in the value of the dollar stalled a rally in commodities.
This week we have watched some sizable options plays apparently betting on a sharp rebound in the value of the fund.
In part, more affluent families tend to derive a larger share of income from other kinds of investments, which have rebounded more strongly in value.
1While such a finding suggests that the eventual rebound in stock values may make delaying retirement a moot point, it still may be the case that, in light of asset values in 2008 and 2009, irreversible decisions affecting the long-run and lifetime income prospect for older Americans were made.
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