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I have been accumulating funds to buy into AXP for the past couple weeks. I made my decision to do so independent of any Greenspan utterances. The company is a financial powerhouse, easily meeting the Fools' criteria for a Rule Maker, and my own criteria for a 5+ year investment. Despite today's utterances, I still feel that way.

Am I wrong to shrug off Greenspan, and simply look at today's performance as if there's a blue-light special on blue chips? Every extra share I buy, becomes 3 more after May 11... and following that, if I hold for 5 years or so, there's plenty of time for AXP to come back up to it's historical "curve". The downturn is very recent - only the last couple months. But I think you all know this. :)

AXP is the first non-tech stock I will invest in, by the way. I still think it's an excellent choice for this "role" in my port, which is rather newly established, and in need of some diversification now that I have some tech-sector profits to utilize.

What do you think? Maybe I should send Alan G. a thank-you note. :)
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