The Daily Dow FOOL GLOBAL WIRE by Robert Sheard (TMF Sheard) LEXINGTON, KY. (May 9, 1997) -- In a classic case of split personalities, the market couldn't decide if it was Bullish or Bearish today. Fed Chairman Alan Greenspan made typically cryptic remarks in a speech last night, interptretations of which ranged the spectrum today. While he admitted that inflation hasn't appeared on the horizon and the economy appears to be slowing, Greenspan made it clear the Fed would continue to raise interest rates if necessary. Some bond traders took that to mean the Fed wouldn't raise rates at the next Open Market Committee meeting on May 20, while others took it to mean that the Fed would indeed raise rates again as a further insurance policy against inflation and over-heated growth in the economy. You know what our take on the issue is: no big deal. Whether the Fed raises rates or not, Dow Approach investors don't waver from the fully invested, lifetime-savings approach that has weathered all kinds of business cycles over several decades. Short of a crystal ball clearer than anyone else's out there, ignoring the overall market and the endless and contradictory predictions you'll hear or read about daily is the only Foolish plan. In today's action, the big winner for the Foolish Four was GENERAL MOTORS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GM)") else Response.Write("(NYSE: GM)") end if %>. Several cyclical stocks had nice gains today, CATERPILLAR <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CAT)") else Response.Write("(NYSE: CAT)") end if %>, for example, but GM may have profited on news that competitor CHRYSLER <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:C)") else Response.Write("(NYSE:C)") end if %> settled the negotiations to end to its labor strike. Looking ahead to next week, those of you holding GENERAL ELECTRIC <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GE)") else Response.Write("(NYSE: GE)") end if %> will have your holding split two-for-one, so don't tune in Monday and panic. Have an unWise weekend! (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 AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %> *Philip Morris <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %> *Intl. Paper <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %> *General Motors <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %> *Exxon <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %> Chevron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %> Eastman Kodak <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %> Minnesota Mining <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %> J.P. Morgan <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %> 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 + 1/4 32.75 GM +1 1/8 57.88 CHV + 3/4 71.38 MMM + 3/8 91.50 Day Month Year FOOL-4 +1.00% 1.30% -3.24% DJIA +0.46% 2.29% 11.19% S&P 500 +0.55% 2.93% 11.35% NASDAQ +0.32% 5.89% 3.41% Rec'd # Security In At Now Change 1/2/97 120 3M 83.00 91.50 10.24% 1/2/97 153 Chevron 65.00 71.38 9.81% 1/2/97 179 Gen. Motor 55.75 57.88 3.81% 1/2/97 479 AT&T 41.75 32.75 -21.56% Rec'd # Security In At Value Change 1/2/97 120 3M 9960.00 10980.00 $1020.00 1/2/97 153 Chevron 9945.00 10920.38 $975.38 1/2/97 179 Gen. Motor 9979.25 10359.63 $380.38 1/2/97 479 AT&T 19998.25 15687.25 -$4311.00 CASH $431.29 TOTAL $48378.54

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