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Article: Understanding the stock market. (part 1)
- Article from:
- Ebony
- Article date:
- August 1, 1997
CopyrightCOPYRIGHT 1997 Johnson Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the stock market setting new records on almost a daily basis--and investors making record profits just as often--financial experts say it is imperative that you understand what all of the fuss is about.
"For the last three years, the stock market has risen in excess of 20 percent each year," says Gordon J. McClendon, president of the McClendon Group, a financial development and consulting firm with offices in Chicago and Washington, D.C. "No one can say whether it will continue, but the stock market has performed greatly with a strong economy. My opinion is that the stock market will continue to eclipse itself until around the year 2005."
Even ...