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To: Wyätt Gwyön who wrote (122243)7/25/2002 9:22:47 PM
From: cfoe  Respond to of 152472
 
that is a Pyrrhic victory

Absolutely agree.



To: Wyätt Gwyön who wrote (122243)7/25/2002 10:15:13 PM
From: Art Bechhoefer  Respond to of 152472
 
>>the much greater risk involved in stock ownership<< Because of the greter risk, stocks must be priced to return closer to 5 percent more than low risk bonds. Stocks would have to fall below present levels to give that sort of return, unless earnings growth gets back to earlier levels.

Art