Nobody ever got fired for buying IBM

Nobody ever got fired for buying IBM. 

Ever heard this aphorism?  If not, today we have a history lesson from the 1968-1972 stock bubble.  Back then, the market rally was led by a group of 50 stocks in the S&P 500, the so-called “one decision” stocks known as the Nifty 50.  What was the one decision?  “You buy them and never sell them!”  The group includ…