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On the down side, Crouch points out that local contractors may get’ gored as military spending is cut.
“Companies around the Beltway, that are defense-oriented are prob^f bly going to suffer under defense cutbacks,”
Although some fear another market crash under the “what-goes-upmust-come-down” paradigm, Crouch believes that the October 1987 crash taught investors to stay in the maiv ket, even if the market makes an occasional downward correction. Ml
“What has happened over tl)$ past 15 years is that anybody that panicked and sold out — like they did in ’87 — in a period of two to three months regretted it, an<J bought back at higher prices,[’ Crouch said. “Most of the corrections we’ve had in the last year have been very short-lived.”
“The other thing that’s pushing this market is that there are no alternative investments,” Crouch said. “The banks don’t have anything to offer, insurance company annuities aren’t that high and people are still afraid of real estate —build; ings are still out there vacant.” . I
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