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Monthly Archives: July 2008

Hemlines Follow Market Movements

July 17, 2008
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Today’s The New York Times Style section includes an entertaining story about skirt and dress hemlines corresponding to stock market and economic trends. The writer pointed out that in times of economic prosperity, especially when the stock market is up, so are hemlines. Miniskirts were all the rage during the 1960s but with the economic downturn of the 1970s, hemlines were down, too. Maxidresses were popping up everywhere. The same is true today. The last several years saw high hemlines coinciding with booming economic times. But recently, celebrities and regular Joes (Janes?) have been spotted wearing long, flowy dresses,...

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From Oil Baron to Wind Power Backer

July 16, 2008
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Get ready for the media blitz. “It’s time to stop America’s addiction to foreign oil.” So said millions of dollars worth of print ads taken out in newspapers across the country last Tuesday. In a full-page photo of a bright blue sky and a series of wind turbines the ad stated its case. “In 1970, we imported 25% of our oil. Today, it’s 70% and climbing. We will send $700 billion to foreign countries this year. Money that is building their countries. Not ours.” That’s a powerful point. The man making it? Oil billionaire T. Boone Pickens. Last week...

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7 Common Investing Myths

July 16, 2008
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I was lucky when I first began investing.  I didn’t learn how to pick stocks from a textbook, or a well-meaning but misinformed professor.  No, I first got interested in stocks when my dad subscribed to the Cabot Market Letter back in the mid-1990s, and learned right away the value of doing the right things, and avoiding the wrong things. So in today’s Cabot Wealth Advisory, I wanted to dispel a handful of common investment myths.  Many times, in the market, it’s all about what you don’t do, rather than what you do.  So I write this hoping it...

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