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Wall Street cliches questioned by investors survey
AP reports in New York that the NAIC survey shows small investors outperforming expectations over the long term while big traders also incur losses. The study of 990 clubs finds average yearly earnings of 14.7 percent, despite a brutal Dow drop from 986 to 631. In Bellingham Washington strawberries face a $130,000 loss due to weather and Mexican imports.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Tom O'Hara
National Association of Investment Clubs
Bellingham
Wash
Washington
Nolan Servoss