The best and the beasts of last year's stocks

The Ticker

January 19, 2000|By Julius Westheimer

BEST STOCKS in 1999 were, in order: Qualcomm Inc., which gained 2,618 percent; Emulex Corp., up 1,025 percent; and Harmonic Inc., up 912 percent. The worst: Service Corp., down 82 percent; Oakwood Homes Corp., off 79 percent; and Rite Aid Corp., down 78 percent.

"The real benefit of a Roth IRA is its powerful way of transferring assets from one generation to another. Unlike the beneficiary of a regular IRA, a Roth beneficiary is not subject to personal income taxes on the Roth after estate taxes have been paid. Money in a Roth can grow tax-free even after the death of the original owner." (Worth magazine.)

WALL STREET WATCH: "As the market climbs, the probability of an inevitable correction will be postponed for at least a few more months." (Navellier's MPT Review in Barron's.)

"We'll have a positive year but with a substantial correction in grossly overvalued Internet blue-chip stocks. 2001 might finally see a big, bad bear market." (The Prudent Speculator.)

"Downside risk has expanded to more than 20 percent. We now stress capital preservation in all stock portfolios." (Bob Brinker's Marketimer.)

"Markets are efficient in the long run, but in the short run they're far from efficient. People are really gambling on those Internet stocks." (Milton Friedman, economist, in Fortune.)

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