Word: dow
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...anyone's guess whether the small degree of stability so painfully achieved on Friday -- volume dwindled as the Dow average stood almost still -- will hold even for days or hours. Alan Meltzer, professor of political economy at Pittsburgh's Carnegie-Mellon University, thinks the "markets will remain volatile because there are still too many unanswered questions...
Donald Trump could not resist crowing. The flamboyant Manhattan real estate developer confided to journalists last week that he had foreseen the end of the long bull market in August, when the Dow Jones industrial average neared its peak of 2722. Trump, 41, had accordingly cashed in the bulk of his stock holdings, some $500 million worth of shares in Allegis, Holiday Inns, Bally Recreation and other companies. As Black Monday loomed for less fortunate investors, the tycoon claimed he had made a net profit of some $200 million. Now, Trump declared, he intended to "stay in cash...
...moment. Others, like Cafazza, in effect bet on the market plunge by making investments that rise in value when stock prices crumble -- either through options trading or a practice known as short selling. Yet another group of investors swooped aggressively into bargain-basement stock buying on Tuesday, after the Dow took its 508-point plunge, on the hunch that the market was certain to rebound. All of them proved that even on the worst of stock-trading days, there are winners as well as losers...
...selling short in anticipation of the wake on Wall Street. Rather, Gore was searching for political portfolio insurance: reliable information about the direction of the markets. All presidential candidates were similarly affected by ticker shock during a dizzying week in which requests for quotes sent aides scurrying after the Dow Jones industrial average rather than Bartlett...
...Black Monday the Dow Jones industrial average plunges by 22.6%, far more than on the worst day of 1929. As stock prices fluctuate wildly through most of the week, the crisis spotlights Washington' s failure to curb Government spending and borrowing. Few economists expect another Great Depression, but a recession is more likely now. -- In an exclusive interview, Treasury Secretary James Baker gives the Administration' s view of the tumult. -- One way or another, everyone is in the market, and anyone can lose. -- Wall Street' s investment houses brace for hard times. -- Some prescient and lucky investors survive the crash...