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...high, Standard & Poor's index of 500 stocks was up 67%. Another S & P index of low-priced stocks had jumped 152%. Value Line's Composite Index, closely watched by many small investors, had ballooned by 86%. The most widely watched indicator of all, the Dow Jones index of 30 industrial stocks, turned in one of its best performances ever...

Author: /time Magazine | Title: Happy Birthday, Bull Market | 8/22/1983 | See Source »

...year ago, the Dow stood...

Author: /time Magazine | Title: Happy Birthday, Bull Market | 8/22/1983 | See Source »

...June it reached a record 1248.30, up 61%. That increase is rivaled by only one other in the history of the index, which was begun in 1884 by Charles Henry Dow, the first editor of the Wall Street Journal. In 1932 and 1933, on the eve of Franklin Roosevelt's New Deal, it rose from 41 to 105, or 156%, more than doubling. That market, like the current one, was severely undervalued to begin with...

Author: /time Magazine | Title: Happy Birthday, Bull Market | 8/22/1983 | See Source »

...buying is not over yet. Since June 16, the Dow has fallen 65 points, to close last week at 1182.83, and there is bound to be more faltering along the way. Certain high-tech stocks have taken a bit of a beating in the past two months and sell for 30% to 50% less than in June. But even with that sharp drop most are still doing very well. Apple Computer, for example, is down to 33½ from a high of 63¼, yet is still way ahead of its 52-week...

Author: /time Magazine | Title: Happy Birthday, Bull Market | 8/22/1983 | See Source »

Fears of rising interest rates spread through Wall Street late in the week and led to a 14.7-point one-day drop in the stock market. The sell-off appeared to have been triggered in part by predictions of rising credit costs. The Dow Jones industrial average closed last week at 1183.29 after falling nearly 50 points during the preceding ten trading days...

Author: /time Magazine | Title: Reining In the Runaway Dollar | 8/15/1983 | See Source »

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