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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (55304)1/8/2001 1:47:14 PM
From: accountclosed  Read Replies (1) of 436258
 
doing gail dudack research found this one, just for you <g>

With the advantage of hindsight, the market shakeout seemed inevitable. People were living too close to the edge, says prominent market strategist Gail Dudack, by borrowing money to buy stocks and blindly bidding up money-losing companies. She compares this year's stock market to "tough love," something that "hurts to do but is necessary." If nothing else, Dudack says, investors can now appreciate why Wall Street strategists recommend a diversified portfolio. The run-up wouldn't have been nearly as spectacular, but the pain wouldn't be so great now.
usnews.com
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