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To: Randy Ellingson who wrote (22266)10/19/1998 7:16:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>buy and holds just had the gentlest bear market possible. many big names virtually unharmed, and the duration was very short.

Huh? This was a cyclical bear market, I'll grant you that, but it was very damaging, and lasted more than a year. The average Nasdaq stock was cut in half. Even the best stocks were cut by 25% or more.