Word: stocking
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Dates: during 2000-2000
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...hours--are now worse off for their efforts. The index finished on Friday at 3321, well below the week-earlier bottom of 3649. Investors who had smugly picked up Cisco at $64 and watched it rebound to $76 were by late last week the proud owners of a $57 stock. That will probably work out for them longer term. But raise your hand if you think such chastened buyers are going to bottom feed hungrily again real soon. Even if they want to, many exhausted their reserves buying during the earlier rout...
...over already. With information so quickly and extensively disseminated via the Internet, and with the low cost of trading, rapid market moves have become common. The time it takes to correct market excesses has condensed. So bear markets end as quickly as they start, and soon stock prices are on firm footing again. In fact, Wall Street hasn't witnessed a drawn-out bloodletting since...
...agrees. "While they got beat up pretty badly this week, I believe they'll come back by the end of the year." At 61, he sees no reason to rethink retirement plans. "I've been through this before, and I believe that the place to be is in the stock market," he says. "You can't put it underneath your mattress." Of course not. But last week that Simmons Beautyrest fund seemed worth considering...
...decline. If you're invested for the long haul, why put yourself through the agony of watching short-term declines--especially ones as steep as last Friday's--that tempt you to panic? I don't mean to pick on CNBC. But it's the market leader in televised stock talk, and when the market is sinking, the anchors' grim faces and funereal tones only quicken your despair. Once weaned from hourly updates, you'll find it easier to hold fast to proven long-term strategies like broad diversification and dollar-cost averaging...
...right mix depends on your risk tolerance. But in addition to any bonds and cash you may hold, consider spreading your money among small-cap, large-cap and international stocks in at least five unrelated industries. Diversification is most easily accomplished through mutual funds, but stock pickers can get broad exposure with just six to ten stocks. Don't run scared from tech even now. Consider a market weighting of about 30% tech stocks...