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Mon, Jul 22, 2002 - Page 12 News List

Cool may be the rule, but investors in US are spooked

AP , SAN FRANCISCO

"To buy stocks now, you have to be like the people who traveled across the country during the Gold Rush of 1849. It takes a lot of courage," Del Monte said.

Canan Korustan of Alamo, California, is already on the prowl for bargains. During Friday's sell-off, she picked up stock in General Electric and discount retailer Target. If the market falls further Monday, she is eyeing investments in drug company Pfizer Inc and perhaps a cable company. By buying now, she hopes to offset some of her losses on her past investments in high-tech companies.

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