Tiptoeing Back into the Market

Irwin Halper, 35, the part-owner of a paper-goods company in New Jersey, put his money into tax-free bonds for several years and, more recently, into All Savers Certificates to take advantage of high interest rates. With the stock market shooting up, Halper last week called his stockbroker at Shearson/American Express and placed a buy order. Said he: "The yields were no longer attractive, so I decided to buy about $35,000 in blue-chip stocks." Millions of small investors left the market in the long bear market of the early 1970s, but many of them are now coming back, slowly.

In Red Oak, Iowa...

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