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To: Wyätt Gwyön who wrote (123827)	9/6/2002 6:41:46 PM
From: Jon Koplik	Respond to of 152472

Re : Bill Gross (of Pimco) being a clever guy (and probably correct) -- I just happened to be watching the first few minutes of the 6:00 PM hour of that great, great show on (the "great") CNBC ... And ... they had Bill Gross on; and were asking him about his latest comments (stocks suck) (for those who missed it). Ron Insana brought up the following : (Please excuse me if this is not exactly correct. I believe it is almost exactly correct). Pimco (and Bill Gross) apparently ran the equivalent of a "cover story" on their website quite a few months ago. The "graphic" (on the website) (or the "theme") was "Star Wars" or rockets blasting off, or something. The idea was : at long last -- the whole deflation / inflation "ying / yang" (my choice of words) appeared to have flip-flopped. The forces of reflation / inflation / stimulus / growth / etc. were back in play (in a big way). And, it was time to expect : Bonds bad. and Stocks good. Ron Insana asked him (today) : "So ???" Bill Gross' answer was along the lines of : "Well, those kids of assessments are not for the immediate future. They are more of a 2005 or 2006 or 2007 type forecast." Too bad Ron did not read aloud an e-mail such as : "Based on following Bill Gross, I lost my life's saving going short Dec. 10-yr note futures on the CBOT a few months ago." Jon.