The Nation: Prophetic Profits

Timing, of course, is of the essence in turning a profit on the stock market, and one year later seems a reasonable time to evaluate an investment. It was just a year ago that President Nixon advised a group of businessmen: "Frankly, if I had any money, I'd be buying stocks right now." He looked all wrong a few weeks later as the market fell (TIME, May 25). But today anyone who had invested $10,000 on Nixon's advice would, calculating on the value of an average share on the New York Stock Exchange, be richer by $3,003.


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