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...reached such dizzying heights that a correction of some sort seemed almost inevitable. Propelled by favorable economic news and a wave of multibillion-dollar takeovers, stocks had soared more than 1,000 points since the 1987 crash. But by last August some Wall Streeters were clearly worried. Noted Donald Stone, a floor specialist for Lasker, Stone & Stern: "I've been on the trading floor for 39 years, and I've never seen the market go up so fast for so long without a major break." Yet the bulls kept on running. Just last Monday the market closed at a historic...

Author: /time Magazine | Title: Boom, Ka-boom! | 10/23/1989 | See Source »

Executive Vice Presidents: Donald M. Elliman Jr., S. Christopher Meigher III, Robert L. Miller...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 134, No. 17 OCTOBER 23, 1989 | 10/23/1989 | See Source »

SPECIAL PROJECTS EDITOR: Donald Morrison EDITOR AT LARGE: Strobe Talbott...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 134, No. 16 OCTOBER 16, 1989 | 10/16/1989 | See Source »

ADMINISTRATION: Donald Sweet, Alan J. Abrams, Denise Brown, Helga Halaki, Tosca LaBoy, Katharine K. McNevin, Barbara Milberg, Teresa D. Sedlak, Deborah R. Slater, Rafael Soto...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 134, No. 16 OCTOBER 16, 1989 | 10/16/1989 | See Source »

Administration: Susan Lynd, David Richardson, Clementina Allured, Hope Almash, Melissa August, Sharon Boger, Donald N. Collins, Joan A. Connelly, Ann V. King News Desks: Douglas Dale, Brian Doyle, Eileen Harkin, Waits L. May III, Jacalyn McConnell, John F. McDonald, Susanna M. Schrobsdorff, Pamela H. Thompson, Diana Tollerson, Joanne Waugh, Ann Drury Wellford, Jean R. White, Mary Wormley...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 134, No. 16 OCTOBER 16, 1989 | 10/16/1989 | See Source »

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