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To: Howard Bennett who wrote (57)11/16/2002 9:22:22 AM
From: Howard Bennett  Read Replies (1) | Respond to of 81
 
Are stocks cheap really?

financialsense.com

Notice the table published in Barrons in September called index value comparisons.

(You wonder why I am bearish still? Several family members and aquaintences have told me that at the beginning of this year they were told by there "financial advisors" to be full invested. Long story short, many of these people have been ruined financially and won't be retiring any time soon.)



To: Howard Bennett who wrote (57)11/16/2002 12:04:26 PM
From: Robert Scott  Read Replies (1) | Respond to of 81
 
Well, there are some good things on the horizon not the least of which is the coming legislation in a now controlled Republican Congress. From Dr. John Rutledge, founder and chairman of Rutledge Capital:

"The biggest of these is the dividend tax cut. Eliminating either the corporate tax or the investor tax would lower the after tax cost of capital by 1.5-2%, adding as much as 30% to the Intrinsic Value of the stock market. The resulting stock price increases for dividend paying companies would induce a dramatic change in corporate dividend policy."