Word: bulls
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...another era, the selling wave would have signaled a stock-market catastrophe. But, surprisingly, there was nothing akin to a major panic on the floor of the New York Stock Exchange last week, even as the four-year-old bull market took a sudden nose dive and the Dow Jones average of 30 industrial stocks suffered its largest single-day decline in history. Only six days after breaking through the 1900 level for the first time ever, the Dow plunged 61.87 points, to 1839, on the week's opening day. On Tuesday the bears were again on the prowl...
...reasons behind the bull market's sudden fall, according to professional investors, were relatively mundane. As the Dow broke 1900, explained one Wall Street forecaster, "a lot of buyers were taking to the sidelines, trying to figure out whether the assault on 1900 was for real. On Monday, everybody jumped in to cash in their profits." Another reason for the big drop was the fact that early last week stock index futures were selling at a significant discount to current stock prices. For Wall Street institutions using computer-trading programs to conduct business, that meant an opportunity to make...
...relatively advanced age of four years, the bull market continues to show signs of youthful vigor. Last week the Dow Jones industrial average passed the 1900 mark for the first time in history and stayed just enough above it to close the week at 1900.87, up 15.61 for the four trading days. The Dow is now more than 350 points higher than it was at the start of the year. Main reason for recent gains: investors foresee further declines in interest rates. Robert Farrell, chief market analyst at Merrill Lynch, expects that stocks will suffer a temporary setback...
Stirling says, "The teachers don't alienate themselves from the students. They are very professional, they know what they're doing." Longuria of Mexico adds, "They pay so much attention to technique and cleanness of movement." Bull concurs with Longuria, saying that "the teachers really help you with the technique...
Many dancers cite the high number of foreign students at the Summer School when they discuss what makes the program such a beneficial experience. Bull says that he has spoken to "more people in the past two weeks than I have spoken to in my entire life...