50% • 40% • 30% - 20% 10% 0% 1800 —Average (Bonds and Equity) 1825 1850 1875 1900 1925 1950 1975 2000 Sauna. Annoy &rt. Gttof 6noneof Mot Stocentweg !flint,. IP As can be seen, at an aggregate level, an equally weighted bond/equity portfolio has never been more expensive. Figure 58 shows that bo