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

To: Ilaine who wrote (42519)	1/7/1999 12:51:00 PM
From: wlheatmoon	Read Replies (4) \| Respond to of 132070

CB, I know people always talk about how it would take over 10 years to recover money from 1929. However, as you mentioned, if one continually put money into the market, one should do better than trying to time these cycles. I wonder if Mike (William Magner) has the data about when one be back to where one was if one continually invested a defined amount into the market after 1929. Yo, William Magner (mike)? Got the data? mike

To: Ilaine who wrote (42519)	1/7/1999 1:28:00 PM
From: Mike M2	Respond to of 132070

CB, Will has da stuff somewhere in me many piles of papers. Several points i would like hit on. DJIA did not make a new high after 29 for about 25 years in nominal terms adjust fer inflation you are talking a long time . I will check in " At the crest of the Tidal Wave" by Bob Prechter but I think you are talking 1994 or 1995 that is a very long time even fer a virile young man such as myself -g- Like Jeraldo -g- says ITEM the averages are also misleading because laggards are removed like Woolworth and International Harvester later Navistar now ? . ITEM The averages do not represent the typical portfolio the majority of investors have exposure beyond the Dow or S&P . Later Mike

To: Ilaine who wrote (42519)	1/7/1999 2:51:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Coby, There is also the question of staying power. While your friends are kicking fanny on CDs and Money funds and foreign holdings, I think it is tough to say you will continue to pour money into what looks like a huge loser. After all, folks who buy with the crowd tend to buy with the crowd. I know for a fact that in the 1974 crash, the crowd was buying gold and CDs and money funds. When I said I was on margin buying stocks, they took that as prima faciae evidence for committment. <G> BTW, it is also tough to continue to invest when the economy turns sour and your income gets downsized. MB