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VALUE CHECK - FEBRUARY 26, 2003

With the considerable stock price volatility and growing investor angst permeating the securities markets, investors remain edgy and uncommitted toward equities.

Investors are losing their patience.  This fact is best illustrated by the continued redemption of mutual fund assets.  While geopolitical and macro economic concerns abound such as Iraq, North Korea, plummeting U.S. consumer confidence, etc; they will be eventually resolved.  More importantly, discipline, focus and investor resolve remain key to long-term investment success.


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