The investors must stop and think, ... Say you want to buy an apartment but you are told this apartment is the subject of a court case. Will you risk buying this apartment? I don't think so.

Novice investors think they need to buy before that date. You should always buy after the date.

I don't think there are any investors who can say with confidence that 20-year bonds are a great buy with stocks rallying. It's natural to see some selling of bonds ahead of the auction.

All told, we think that this is a great franchise and its valuation continues to be very compelling for investors.

I told them to stop their friend. They didn't.

Investors you should buy a mix of both old and new economy stocks. I don't think you should stick all of your eggs in any one style basket these days. I would also spread my risk between small stocks and large stocks.