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The Daily Dow LEXINGTON, KY. (September 4): Did you ever have one of those days when all your friends were finishing their work and you felt like you've been slaving away and still haven't gotten anywhere? Or when you're in a golf foursome and everyone keeps hitting greens but you, even though you're hitting the ball really well? Welcome to the Foolish Four's world today!
The overall market was fairly calm today, recording a slight gain despite a second military strike against Iraq and fears that Friday's employment report might be the final straw causing the Fed to raise interest rates later this month. Yet every single one of the Foolish Four holdings (all five of them) slid on the day. Not just one, not just two, but the whole shooting match.
They didn't fall very far, of course, but it's just the idea of every holding falling on an up day for the market that's, well, insulting. I mean, how could they? "Apparently pretty easily," I hear the back row chime in. You never can trust people sitting in the back row, can you?
By now, you've probably figured out that there's just nothing to report today on the Foolish Four stocks. Yeah, they went down. Big deal. They do that a lot. Fortunately, they go up a lot more often. That's long-term investing. If you worry about day-by-day performance too much, we'll have to send out Fools with white jackets to take you someplace where you can relax. See you tomorrow ... someone's pounding on the door. No, wait, it's all right, it's just a couple of Fools. Wait, what's that net one of them is holding?
Transmitted: 9/4/96
Today's Dow Numbers
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