Dow Jones hits home runs too

The Ticker

April 02, 1992|By Julius Westheimer

On Dec. 9, 1965, the day Frank Robinson came to the Orioles from Cincinnati, the Dow Jones average closed at 949.55. Yesterday, a few days before "Play Ball!" at the new stadium, the Dow climbed nearly 14 points, to 3,249.33, a 242 percent gain in 26 years.

MARKET WATCH: "Market will remain choppy and go nowhere for three weeks until we see first-quarter earnings." (Steven Kroll, investment adviser). . . . "Play this modest recovery with growth stocks like Coca-Cola, which will give consistently improving performance." (Jack Orben, adviser to wealthy families). . . . "It's crucial to remain in only the highest quality stocks, because other issues can run into trouble at times like these." (Professional Tape Reader). . . . "We'll see higher prices this summer after this consolidation runs its course." (Prudent Speculator). . . . "While the bull market appears intact, risk has risen, caution warranted." (Hamilton Investments). . . . "Bonds are the house you live in." (My father, many years ago.).

GOOD ADVICE: "Many investors get burned. They buy at the top and sell at the bottom because emotions control their decisions. To overcome emotions, build a diversified portfolio with dollar-cost averaging. That adds discipline; you invest a set amount of dollars each month, year or any time period." (Moneypaper). . . . "Your emotions are the best reverse indicators of what you should be doing in the market." (1992 Stock Trader's Almanac.)

LOOKING AHEAD: Tomorrow, "Wall $treet Week with Louis Rukeyser" spotlights bonds, T-bills, CDs, etc., with Marty Zweig, Deborah Allen, James Grant. . . . Sunday at 2 a.m., daylight-saving time begins, lasting until Oct. 31. . . . Wednesday, Security Analysts feature the Rouse Co. with Chairman Mathias J. DeVito and other executives, Tremont, noon. . . . "Historically, April has been a strong Wall Street month, gaining 1.3 percent on average except in election years." (Yale Hirsch, market historian.)

APRIL SHOWERS: "Don't spend your tax cut yet," warns Kiplinger Personal Finance Magazine, April, adding, "Washington will spend months dickering about taxes." . . . Beware cover stories like "How to Turn $10,000 into $25,000 in 5 Years," in Money, April issue. Story itself recommends stocks "that 'figure' to return 20 percent annually for 5 years."

BALTIMORE BEAT: A local law enforcement officer told me, "If a car behind bumps into yours, don't rush to jump out and exchange insurance data, license numbers, etc., especially at night. Professional thieves, who work in pairs, know how to jump in the driver's seat and speed away." . . . Baltimore ranks No. 16 in a cover story, "The Top 100 Markets, What's Your Home Worth?" in U.S. News & World Report, April 6. The story, subtitled, "A Guide to Cities Where Homeowners Will Fare Best," says, "Johns Hopkins University and its affiliated health system passed Westinghouse as the largest non-government employer, a sign of the shift to white-collar industry that positions the region for growth. (Washington, D.C., ranks No. 25). . . . Bell Atlantic, which serves this area, is listed under "5 Stocks for Above-Average Total Return" in S&P Outlook, March 25. The stock yields 6.3 percent. . . . "IBM stock, trading at a 12-month low, now yields 5.8 percent and appears attractive." (Argus Research). . . . Legg Mason (539-3400) will mail its 24 page "Mid-Atlantic Review: Why We Like to Invest in Our Own Backyard," covering such issues as Giant Food, Hechinger, Home Depot, Marriott, Washington REIT, etc. . . . T. Rowe Price is listed under "Top 10 Mutual Fund Families" in a recent issue of U.S. News & World Report.

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