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


To: Knighty Tin who wrote (99439)7/14/2003 2:41:39 AM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
KT

observer.guardian.co.uk

Revealed: the great stock market swindle

Periodic catastrophic declines that destroy years of accumulated profits are the norm, not the exception, writes David Schwartz

Sunday July 13, 2003
The Observer

"Many experts claim investing in the stock market is the best way to save for the long run. Like many other claims made by financial commentators, it is
difficult to prove or disprove this one because of the lack of objective data.
I recently created a two-century long inflation-adjusted UK stock market index to resolve this critically important issue.* Among the mass of information produced by this index, one fact emerged head and shoulders above all others. Investing in the stock market is not as profitable as the experts would have us believe...." ---more---

Regards, Don



To: Knighty Tin who wrote (99439)7/14/2003 8:25:32 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 132070
 
KT,

Watching these bear market rallies is like hunkering down in your stone house and riding out a hurricane. You get under the bed to protect yourself from flying glass and you put up with hours on end of howling wind - it just goes on forever and ever and ever. Before the darn thing is over the roof leaves the structure and you are bailing water as fast as you can. <g>