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The Daily Dow
FOOL GLOBAL WIRE
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (Apr. 18, 1997) -- Today's session closes out a week of recovery for the American markets. All three major indices added a fair gain today, closing strong in the final hour.

Whether the action is options expiration activity, the result of some strong earnings reports or simply the beginning of the bounce back from the recent 10% correction is open to debate. It's a debate, however, I chose to remain out of.

I've got more important things to decide, like what book my son and I will read together next, or what's wrong with my driver (it couldn't be my swing, of course).

In other words, don't get caught up in the day-to-day explanations for Wall Street's every movement. If you're a short-term trader, you're probably not reading this anyway. If you're a long-term investor, interested in keeping trading costs and taxes low, what happens in any single day, week, month isn't crucial. Even those investors who were patient through the crash of 1987 still showed a profit for the whole year. For me, anyhow, that's pretty comforting.

Enjoy the weekend, Fool, and relax in the knowledge that with the Dow Approach, your long-term prospects are bullish. Let time, discipline, regular savings, and patience sweep you to your retirement goals. See you on the back nine!

(c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.

________________________________

The Current
BTD 10

  1. AT&T
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>
  2. *Intl. Paper
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>
  3. *Philip Morris
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>
  4. * Exxon
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>
  5. *General Motors
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>
  6. Chevron
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>
  7. Eastman Kodak
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %>
  8. Minnesota Mining
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>
  9. J.P. Morgan
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>
  10. DuPont
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

NOTE: Foolish four stocks are preceded by an asterisk.
Updated Daily

1997 Foolish Four Model

Stock  Change   Last
--------------------
T    ---       33.63
GM   -   1/8   56.25
CHV  +1        64.63
MMM  +   5/8   83.25
               Day   Month    Year
        FOOL-4   +0.44%  -2.86%  -7.03%
        DJIA     +0.68%   1.82%   3.96%
        S&P 500  +0.60%   1.22%   3.46%
        NASDAQ   +0.45%   0.07%  -5.30%

     Rec'd   #  Security     In At       Now    Change
   1/2/97  179 Gen. Motor    55.75     56.25     0.90%
   1/2/97  120 3M            83.00     83.25     0.30%
   1/2/97  153 Chevron       65.00     64.63    -0.58%
   1/2/97  479 AT&T          41.75     33.63   -19.46%


     Rec'd   #  Security     In At     Value    Change
   1/2/97  179 Gen. Motor  9979.25  10068.75    $89.50
   1/2/97  120 3M          9960.00   9990.00    $30.00
   1/2/97  153 Chevron     9945.00   9887.63   -$57.38
   1/2/97  479 AT&T       19998.25  16106.38 -$3891.88


                             CASH    $431.29
                            TOTAL  $46484.04

  

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