INVESTMENT NOTE

It's not just the stock market that's been telegraphing "trouble"about the economy. The price of thoroughbreds has watched Wall Street's gyrations.

Yearlings that sold for an average of $27,295 in 1994 were fetching $54,506 in 2000. But recent sales have seen 20 percent declines from a year ago.

Moral: If you invest in horses, don't expect stable prices.

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Sorry, couldn't resist... I love them groaners.