Understanding the stock market. (part 1)

Ebony | August 1, 1997 | Copyright

With the stock market setting new records on almost a daily basis--and investors making record profits just as often--financial experts say it is imperative that you understand what all of the fuss is about.

"For the last three years, the stock market has risen in excess of 20 percent each year," says Gordon J. McClendon, president of the McClendon Group, a financial development and consulting firm with offices in Chicago and Washington, D.C. "No one can say whether it will continue, but the stock market has performed greatly with a strong economy. My opinion is ...

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