Your Money: Aug. 10, 1998

THE STEALTH BEAR MARKET

Those who've been awaiting the long predicted "correction" in the stock market might be surprised to learn that it's already happening, albeit quietly and in slow motion. A report out last week from Salomon Smith Barney showed that, while the Dow has soared this year, the average S&P; 500 stock is down 19% from its 52-week high, and NASDAQ stocks have dropped 35%. So consider shifting more of your portfolio to bonds and cash.

DON'T BANK ON BANKRUPTCY

Could debt-ridden Americans, who filed for a record 1.3 million personal bankruptcies last year, be ready to kick the...

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