What's The Best Way For Investors To Hang On?
"April is the cruellest month," wrote T.S. Eliot--and he never owned a Nasdaq stock. Consider the week of Apr. 10. That's when one-quarter of the value of the Nasdaq stock market, where shares trade in Information Age giants and wannabes alike, simply evaporated. The worst day was Apr. 14, when the Nasdaq rout accelerated and the Dow Jones industrials and Standard & Poor's 500 collapsed under the weight of the worst one-month rise in the consumer price index in five years. The day's events were uncomfortably similar to October, 1987, when a Friday sell-off preceded a Black Monday.
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