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To: BGR who wrote (85561)	2/16/2001 2:56:01 PM
From: jimcav	Respond to of 86076

Try to think for a change?!? LOL Take your own advice. The analysis of Bill Gross is logical and sound, whether or not he deals in equities, and if you wish to refute his analysis since you seem to like to argue about everything my answer is talk to me in a year or so and tell me how he was wrong. Telling Heinz to think for a change! One of the few around on SI who does manage to think for himself! LOL Don't bother responding.

To: BGR who wrote (85561)	2/16/2001 3:10:26 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Pimco has told people to avoid corporate bonds like the plague...his fund has outperformed equities by a wide margin as a result. and you're seeing this exactly bass-ackwards - because Gross has no need to hype equities, he's free to tell the truth about them. with the S&P at an aggregate p/e of 25, yielding slightly above 1%, equities are historically overpriced...that's simple no? i can understand that you're a bit po'd, since i was soooo right about the Nasdaq, and Cisco, etc...(whose growth has now slowed to zero, as expected) and you bought the NAZ above 4k if i remember correctly, but that doesn't mean you have to get personal - it appears to me i've been doing more effective thinking than you, so you should better not go there. the equally weighted stock market indices (VGY) topped out in April '98, the cap weighted indices (Wilshire 5K) topped out in March 2000, and on aggregate it has been downhill since. simple money market funds have vastly outperformed stocks during that time, and the beginning secular bear market will be in effect until money market funds (t-bills) do not outperform stocks on a total return basis anymore. it's going to be a long wait...