SHREVEPORT, La., Oct. 21, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net) says four key Dow component stocks are still underwater. Those stocks are General Motors (NYSE:GM), IBM (NYSE:IBM), Intel (Nasdaq:INTC) and Home Depot (NYSE:HD).
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"The media and mainstream Wall Street hyped the recent 'all time high' for the Dow. Yet, a quick look at the numbers shows that the Dow is nowhere near an inflation-adjusted high," says Don Harrold.
"Investors in stocks like General Motors (NYSE:GM), IBM (NYSE:IBM), Intel (Nasdaq:INTC), and Home Depot (NYSE:HD) know another truth: More Dow component stocks are down than up since the last 'all time high' on the Dow.
"While mainstream Wall Street pumps this market, individual investors need to know that 20 of the 30 Dow component stocks are still down from the 'all time highs' of 2000.
"The idea of long-term 'buy and hold' investing ruined millions of portfolios 6 years ago. Now, mainstream Wall Street is at it again. The hype machine is in full swing -- meanwhile, professional traders know that the only way to win long-term is to sell stocks at higher prices than you bought," comments Mr. Harrold.
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