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Tuesday, January 14, 1997
The Daily Dow FOOL GLOBAL WIRE by Robert Sheard LEXINGTON, Kentucky (January 14) -- Did you ever have one of those days where you felt like an Old Milwaukee spokesman (You know, "it just doesn't get any better than this")? That's pretty much how the market reacted today to the Consumer Price Index release for December. Sustainable growth and tame inflation is a combination the stock and bond markets eat right up, and today's consumer inflation number suggests that we're still right in that "all-is-right-with-the-financial-world" zone. Of course, don't get too comfortable there. It'll only take one negative economic report or comment from the Federal Reserve to turn the whole party out of doors. That's the nature of a very fluid market with a myriad of short-term players. For those of us looking a bit longer term, though, it's pretty comforting to hear that the economic news doesn't create any incentive for the Federal Reserve to raise interest rates in the near future. For stock investors, that's perhaps the single most important macro-economic indicator. We don't pay a lot of attention to such indicators as a rule, but in general, if interest rates stay moderate, the stock market enjoys good times. When interest rates start to climb, we could see the next significant correction. Should Fools predict when that'll come? Absolutely not. Should Fools try to jump out of the market when it looks like it's coming? Nope. It's just something interesting to watch out for, but overall, the long-term fully-invested approach has proven the best way to ride out bad times without missing the great times. So let's all enjoy the good gains while we have them and then help each other through the next rough patch. We can start a Fools Anonymous chapter. "Hi, my name is Robert, and I'm a Fool. It's been three years since I bought my last [insert your favorite Wise investment vehicle here]." Fool on!	The Current BTD 10 1. AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %> 2. *International Paper <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %> 3. *General Motors <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %> 4. *Chevron Corp <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %> 5. *Minnesota Mining & Mfg <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %> 6. J.P. Morgan <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %> 7. Du Pont de Nemours & Co. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>  8. Exxon <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %> 9. Texaco <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %> 10. Philip Morris <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %> ***NOTE: FOOLISH FOUR STOCKS ARE PRECEDED BY AN ASTERISK AND ARE ITALICISED Last Update: 01/06/97
Today's Dow Numbers Stock Change Bid ------------------- T --- 38.63 GM + 7/8 61.00 CHV - 1/8 68.00 MMM +1 7/8 85.25 Day Month Year History FOOL-4 +0.73% 0.13% 0.13% 29.46% DJIA +0.79% 4.87% 4.87% 32.15% S&P 500 +1.23% 3.80% 3.80% 24.83% NASDAQ +1.16% 4.29% 4.29% 27.96% Rec'd # Security In At Now Change 1/2/96 155 3M 64.50 85.25 32.16% 1/2/96 198 Chevron 52.38 68.00 29.83% 1/2/97 231 Gen. Motor 55.75 61.00 9.42% 1/2/97 618 AT&T 41.75 38.63 -7.49% Rec'd # Security In At Value Change 1/2/96 155 3M 9998.09 13213.75 $3215.66 1/2/96 198 Chevron 10370.25 13464.00 $3093.75 1/2/97 231 Gen. Motor 12878.25 14091.00 $1212.75 1/2/97 618 AT&T 25801.50 23870.25 -$1931.25 CASH $91.60 TOTAL $64730.60 Transmitted: 1/14/97

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