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The June St. Louis Federal Reserve "Monetary Trends" monthly publication has a cover page article on the prospects for long term buy and hold stock investors. The article is available online at www.stls.frg.org/publications/mt/. Scroll down to and click on "Cover Page" and the article can be downloaded in PDF format via Adobe Acrobat or another tool available free at the site if you do not have it. The article is an interesting read and indicates that the past may not always be an exact indicator of the future.
mlw
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