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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (69036)10/21/2011 11:56:21 AM
From: richardred  Read Replies (1) | Respond to of 207244
 
Hello John :Those were the days.I remember when we would have Housing analysts talking we would never have housing interest rates below double digits. I thought Paul Volker did a good job back then. Henery Kaufman could rumble market back then along with Joe Granville. The Reagan tax cuts did needs some lead time, but once they kicked in the economy was full till. In my early investing years it was very easy to find non utility stocks yielding over 5%. I've done no research on market share of asset classes. I just spend more time picking individual stocks. Today I suspect most do their savings in a 401-K & IRA's. This because there tax deferred and many 401k's are matched. These monies as you pointed out, indirectly go into equities as an equity class. Once again, those were the days. Before I changed my job at Burrough's in 1987. I was locked into a long term investment yielding 13%. <G> I worked two years into my next job before I transferred it into my IRA. Reality check- I've had to adjust to the market conditions of today.