The Dow had run up 10% in the three months ending July 5, and the NASDAQ nearly double that. Which caused a friend of mine to ponder, on her commute home from Manhattan (where much pondering is done), What should I do with my investments? "Last week I told my husband to sell everything because we weren't going to see prices like this for quite some time," she says. "Of course, he didn't. But now I'm not sure that was the right call. I certainly can't tell from the papers." Or magazines.
The economic indicators have been downright schizophrenic. "If...
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