Multi-Unit Franchisee Magazine Issue I, 2013 | Page 82
InvestmentInsights
By Carol M. Schleif
Scaling the “Wall of Worry”
Taking stock of 2013 to strengthen your portfolio
O
ctober marked an infamous
anniversary on Wall Street.
Twenty-five years ago, the
unthinkable happened when
the Dow Jones Industrial Average dropped
a record 106 points to end the trading
week at just under 2500. The following
Monday, now known as “Black Monday,”
the index shed an additional 508 points in
one session. While the day’s decline was
widely blamed on a newfangled process
called “portfolio insurance,” it didn’t help
investor psyches that U.S warships started