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

To: Joan Osland Graffius who wrote (32071)	9/2/1998 10:16:00 AM
From: Joseph G.	Read Replies (2) \| Respond to of 132070

Joan, was not Ford IPO in 1948? <<purchased GE, Ford, John Deere, Standard Oil, AT&T, BA, MMM, HON, etc. stocks back in the late 1800's and early 1900's have done very well.>>

To: Joan Osland Graffius who wrote (32071)	9/2/1998 5:05:00 PM
From: Skeeter Bug	Respond to of 132070

joan, what is to manage? just buy and hold and get rich off all the dummies selling their stocks ;-)

To: Joan Osland Graffius who wrote (32071)	9/2/1998 5:07:00 PM
From: Mike M2	Respond to of 132070

Joan, good points but we should also keep in mind the American economy performed exceptionally well and enjoyed a rate of growth which we will not likely experience again. This period also saw the decline of the British empire and the rise of American hegemony. The industrial base of America also avoided the damage from two World Wars. We have lost some our competitive advantage due to slackers ( like Pete M)-g- and the rest of the world has caught up in many areas. America has been blessed and is still an industrious nation but I do expect difficult economic times to make stock picking more difficult in the future than it has been in the past( especially at these valuations). Standard Oil -yeah the Rockefellers did ok. Mike