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amassafortune (29.15)

July 2007

Recs

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Unless your job depends on Q3 07 stock results, avoid selling into a correction.

July 28, 2007 – Comments (2)

 Market corrections perform a cleansing function. If you ever had a one-day paper loss of  22% as happened October 19th, 1987, you understand these events are temporary. Anyone who sold quality stocks on that day in 1987 was  disappointed a few days later when they realized they just locked in an unnecessary loss.   [more]

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