A DOG'S BEST FRIEND?

For several years in the early1990s, one of the favorite marketstrategies was the dogs of the Dowtheory. Investors using this tacticbuy the 10 Dow stocks with thehighest yields on January 2, dumpthem on December 31, and repeatthe process with the 10 new "dogs"for the coming year. The strategylost some of its appeal during theheady tech-bubble days, but hasbeaten the bear market handily overthe past few years, posting a gain of6.4% in 2000 and losses of just4.9% and 8.9% in 2001 and 2002,respectively. Now some marketwatchers are thinking that the Bushplan to eliminate taxes on dividendsmay give the theory a helping hand,as investors looking for dividendincome migrate to higher-yieldingstocks. For more facts and information,visit www.dogsofthedow.com.