Why stocks are still cheap relative to bonds

BILLY CONNOLLY, the great Scottish comedian who recently retired from performing, had a joke about two men filming a lion for a wildlife documentary. The lion suddenly looks up. The men fear they have been spotted. One of them slowly removes his boots and puts on a pair of running shoes. “You will never outrun a lion in those,” says his colleague. “I don’t need to outrun the lion,” replies the first man as he slowly ties his shoelaces. “I just need to outrun you.”