Word: dow
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Dates: during 1970-1979
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...Tuesday alone, the Dow dropped a breathtaking 26.45 points, its worst single-session loss since January 1974, when the last recession was pushing the nation into its steepest economic slide since the Great Depression. The very next day, as worried investors around the country hurried to unload their falling stocks, a record 81.6 million shares were sold off on the Big Board in such a headlong rush that the ticker tape reporting transactions and prices fell as much as 63 minutes behind the pace of trading. "This thing is feeding on itself," fretted William LeFevre, vice president at one Wall...
...where prices had generally been climbing through the year, brokers were swept up in a selling wave that caused pandemonium on Wall Street and twinges of fear throughout the country. In just five days, the market dive left investors with some $55 billion in paper losses and sent the Dow Jones industrial average plunging a total of 58.62 points to a week's close of 838.99. In terms of points, that was the Dow's second steepest one-week decline ever; during the week of Oct. 16, 1978, when prices were hammered by news of a sharply falling dollar abroad...
...State Historical Society and authentic US Army combat footage, Silber and Brown carefully parallel the growth of the anti-war movement with the escalation of American involvement in Viet Nam, from the sparsely attended demonstrations against the February, 1964 bombings of North Viet Nam to the 1967 protests against Dow Chemical Co. and the use of napalm and finally to the massive demonstrations in the spring, 1972, to bring the troops home...
...much did he weigh before? "More than now." Hence reports of his fluctuations spread through the opera world like a runaway Dow Jones average: up 25, down 80, up 60. But he realizes that if he remains too heavy he could undermine his robust health. Which is why he periodically submits to the dread ordeal of a diet. He is currently forbidden to drink wine, and his most opulent meal is zuchini, rice and 250 grams (about half a pound) of meat or fish cooked with a few drops of oil. More tragic than any scene he plays onstage...
...result is that longtime bears are lumbering out of hibernation. Market Analyst David Bostian of Bostian Research Associates, one of the Street's better-known pessimists, is trumpeting that the Dow could reach 2,000 within five years. Schroder Naess & Thomas, which manages $1.3 billion of institutional accounts, decided to increase its stock holdings by at least 25% because it was fearful of missing the market altogether. Explains Research Director John Groome: "We may be premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest...