Money Angles: Don't Rush for the Exit

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My own guess: we are not headed for another round of major inflation. But in the short term, markets are just crowds of people rushing unpredictably in one direction and then another. A year into Kennedy's Administration, the Dow dropped 27% in seven months -- and it wasn't starting from as overvalued a position as today's market. In 1994, after the big tax-hike-on-the-rich kicks in next week and a few more big mergers come unraveled, might the market take a prolonged dive? If it does, just promise me you won't get out at the bottom.