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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (66984)	8/30/1999 1:01:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Ike, No taunts from Paper Chase, so no chance for 500 points down today. It's too late now, so any taunts at this point won't help enough. The market is still falling on his last words. <g>

To: re3 who wrote (66984)	8/30/1999 1:02:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

Ike, a little tough love trivia for you over the past 70 years the dividend yield on the S&P has been 4.25 % - it is now 1.25 % . We often hear about the great returns stocks give over the long term but about half of the return since 1926 was from dividends somehow the perma bulls overlook this fact. For those who are mathematically challenged if this market were to return to the average dividend yield of the last 70 years the market would decline 70% assuming that dividends were not cut. In a severe economic downturn dividends would likely be cut. Mike