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To: Mike M2 who wrote (73415)	2/28/2001 6:06:59 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

Mike, that's right...and right after they hit a new high in '65, they went into another 10-year bear market that shaved almost 70% off again! i'm not sure what the inflation adjusted utes look like, but one thing's for sure, only long term investors with extraordinary longevity ever saw a positive return on capital if they bought them in '29. which proves how idiotic the WS 'long term' mantra really is...it all depends on when you buy!