Re: profit rates

[Sabri Oncu <soncu@xxxxxxxxxxx>]

> Didn't Merrill-Lynch financial advisors
> recently get in trouble for selling
> info that was inaccurate -- but helped
> the investment-banking side of the
> business?
> JD

Well Jim, don't get me started. What is going on there is very
sad, to say the least, very sad. I used to like the number 5 a
lot because it is "sufficiently" close to the Lehman Aggregate
Bond Index duration. If all the bonds had 5 years duration, I
would have had no problems whatsoever in those days.

May God let the duration of all US bonds be 5 years for the
benefit of those I left behind.

Best,
Sabri