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Non-Tech : Wal-Mart
WMT 102.48-0.1%Nov 14 9:30 AM EST
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To: wiz who wrote (83)7/11/1997 12:44:00 PM
From: Jack L. Dlugach   of 1166
 
Mark: That's exactly right--investors are looking at those stocks
as "safe havens" that won't get killed in a correction. As far as
"better places for the bank than WMT" that may be so but WMT is still
as good a place as most--read the DLJ opinion that Ken has posted
as it's the consensus: "WMT should be a solid core holding of any
long-term portfolio."

Other than that, certainly it's going to correct sometime--market
timers are free to guess at when and how much; the timers are almost
always wrong anyway.

If they were right, they'd be billionaires instead of wasting time
with those goofy timer digests and newsletters.

I suspect some of them are probably poorer than the long-term WMT
investors.

:)
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