Jim, I agree 100%. Also , if you go back to Oct. of '98 the stock poped $7. This is when bbt was added to the SP 500. Therefore all Sp 500 index funds had to add bbt stock to their funds. The buying had nothing to do w/ performace.
I've also made the conclusion that bbt just happens to be an acquisition company in the banking and insurance brokerage business. I don't think this is what Charles had in mind when he made this comment,but I could be wrong.eom