Dow's Dip is Short-lived

By Michael Goldfarb Monday, Aug. 18, 1997
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NEW YORK: Attention stockholders Don't let Friday's 254-point plunge of the Dow Jones industrial average lead you to dump your shares just yet. With the markets creeping back up in early trading, analysts are describing last week's sell-off as little more than a "minor correction".

Providing even less reason to fret over your financials is a plethora of positive data from the Fed, suggesting that with the economy holding its own, interest rates will likely be left untouched. In the absence of "irrational exuberance" warnings from Mr. Greenspan, you may want to hop on board and enjoy the ride.