Patience Pays Off for Investors

I am not selling my stocks. I expect our leaders to compromise for the good of the country.

Welcome to the 1970s. The decade that gave us disco and Archie Bunker was also a time of economic stagnation, widespread dissatisfaction with government and corporate America, and a stock market that just couldn't seem to get unstuck. Oh, sure, it's 40 years later. But just like bell-bottoms and bare midriffs, the investment malaise of the '70s appears to have made a comeback. Then, as now, the stock market staged multiple advances. But the moment investors got comfortable with the notion of earning a reasonable return, some sort of crisis upended the rally. So the same question that was asked so frequently then is again on the lips of stock market investors: Is it time to bail?

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Kathy Kristof
Contributing Editor, Kiplinger's Personal Finance
Kristof, editor of, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. But perhaps her biggest claim to fame is that she was once a Jeopardy question: Kathy Kristof replaced what famous personal finance columnist, who died in 1991? Answer: Sylvia Porter.