this from the LA Times:
"The average big-name stock now is priced at about 17 times estimated 2006 earnings per share, according to Bloomberg News data. By contrast, the Russell 2,000 small-stock index is priced at about 28 times estimated 2006 results."
""Typically when the economy slows, investors shift their focus from small- and mid-cap stocks to large-cap stocks," he said. In part, that's because a slowdown poses greater risk of earnings disappointments for fast-growing companies. In addition, because many bigger companies are financially robust and have global reach, they're viewed as less risky overall than smaller firms, Orlando noted."