Zeev, But here is a chart which seems to say that stocks are still overvalued relative to interest rates, unless one can make a case for a secular uptrend in valuations (which certainly looks like it has happened, though I'm not sure why). <A HREF="http://www.sharelynx.net/temp/Mark/ABY.gif" target="_new">http://www.sharelynx.net/temp/Mark/ABY.gif</A>