"Almost overnight we have gone from worrying about inflation to worrying about economic growth," said Edward E. Yardeni, chief investment strategist at Oak Associates, a money manager.

Not everyone, is convinced that the economy is slowing, and Mr. Yardeni of Oak Associates is among the unpersuaded.

Robert D. Stimpson, a portfolio manager at Oak Associates, issued the same warning about security stocks as Mr. Mowrey - and had a similar interest in owning some.

He swims each morning in his indoor pool before leaving for work at Oak Associates, his $5 billion money management firm.

By contrast, Edward Yardeni, chief investment strategist at Oak Associates, predicted that the euro would continue to fall, plunging to just $1 within two years.

"The Fed has got to be pleased with these numbers," said Edward Yardeni, chief investment strategist with Oak Associates, a money management firm in Akron, Ohio.

One of the skeptics is Edward Yardeni, chief investment strategist at Oak Associates.

And Ed Yardeni, chief investment strategist at Oak Associates, says he thinks that Wall Street is unnecessarily worried - and that the Fed is, too.

Edward Yardeni, an economist and chief investment strategist at Oak Associates, is one who thinks that Mr. Greenspan has failed to act responsibly.

Ed Yardeni, chief investment strategist at Oak Associates, says he expects a core consumer inflation rate of 0.2 percent for January.