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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (62685)	6/17/1999 10:03:00 PM
From: Ilaine	Respond to of 132070

I don't know who is right, PC. I agree that the bull market has been going on for a long time. But time will tell. I am only a novice, but it seems to me that there is a difference between buying an index, and buying a stock. If you buy a stock, it has to have a reason to go up - increasing sales growth, increasing revenue, increasing book value, stuff like that. A lot of stocks have taken big haircuts over the last year. Dell went from 55 to 34, that's quite a drop. Compaq did worse. And so on. These stocks did experience their own individual BK, as did the Internuts and some of the banks and so on. As for the indexes, well, those don't go down much, that's true. But SPY took a very big hit in August and October, 1998, as I recall. Is there going to be a big market-wide correction like 1929? No one really knows. But if I were investing in individual stocks for the long run, I'd bet on value, not momentum.