“Financial Dislocations” Coming Due to Pension Funding Issues?

This very insightful article by Elizabeth MacDonald at Forbes.com via Yahoo! News quotes Michael D. Hirsch, senior portfolio manager at Mony Group Advest investment unit, as saying that the “market has not yet priced in the pension hits about to come” and that “financial dislocations” still await us with respect to the whole pension funding problem facing a multitude of companies.