Do you believe in a old or a young universe? Is it possible that both theorys are true, depending on how you determine the age of the universe? For example, they have photos of what they claim is a very young universe, becasue we know that time effects matter and light quite a bit different.
http://www.sciencenews.org/20030215/fob1.asp
http://www.sciencenews.org/20030215/fob1.asp