Word: dow
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...YORK: The markets generally love a little U.S. agression -- it makes oil prices go up. So how to explain the Dow's 250-point plunge Friday? FORTUNE Wall Street writer Bethany McLean says that traders just have too many other things to worry about. "There's a rumor that Venezuela might devalue. Russia looks even shakier today. German banks were battered last night because of their exposure to Russia, and another Japanese bank went under," she says. "There are just too many worries today that the whole crisis is snowballing...
...YORK: Could Wall Street be so gullible as to think this long national nightmare could be ended with a 4-minute half-apology? It seems so; the rally that began Monday with the President's testimony only picked up steam the morning after his terse speech, with the Dow rising almost 140 points by closing. TIME Wall Street columnist Daniel Kadlec thinks investors are kidding themselves...
...Dow, which last week had fallen as much as 10% from its high, could fall further and seriously set back anyone who plows in a pile of money now. But a happy irony of the stock market is that the nuttier it gets, the more you can make by sticking to a regimen of investing a set amount at regular intervals, as most folks do with their 401(k)s or other automatic-investment accounts. That's right: when stock prices fly up and down in dramatic fashion, it's to your advantage. The hard part is gutting out those...
Sometimes you have to forget about the Dow and all the other averages and indexes. You have to forget whether the market is rolling over or about to dive 1,000 points. In fact, you have to forget about "the market" altogether and remember that you're buying stocks of individual companies--or, if you're in mutual funds, that you're paying a manager to know and buy those companies...
...historically high relative to earnings--what set off last Tuesday's rockslide was one of those oft-quoted gurus, Ralph Acampora of Prudential Securities, who reversed his prediction of a day earlier and said on CNBC that we may be entering a bear market for blue chips. The Dow Jones 30 industrials shed 300 points in a flash. But the real pain came Wednesday, when the market dropped an additional 100 in the time it took me to get a Diet Coke out of the office fridge. That took us down 10% from the recent tops of the Dow...