Word: dow
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...winter. Thus, when easier money from the Federal Reserve allowed big commercial banks to begin cutting their prime lending rate to a flat 15% the previous Friday, brokers came to work on Monday expecting buy orders aplenty. They were not disappointed. By day's end, the widely watched Dow Jones industrial average of 30 of the nation's leading corporations had racked up a 13.51 gain, to 822, its biggest one-day rise since June...
...jubilation did not last long. Though interest rates continued to ease fractionally lower, the short-lived rally fizzled, and by Wednesday the Dow industrials had sagged back nearly to their Monday-morning starting point. The U-turn decline of 12.94 marked the steepest drop since Feb. 22. Worse still, by week's end the drooping 30-stock average had declined even further, plunging another 11½ points on Friday to close at 784.34, the lowest since April...
...avoid a further acceleration of failures is to get a substantial break in interest rates accompanied by a sharp increase in economic activity. That has not happened, and that is why I believe we are already in the early stages of a depression." Dalio expects the Dow to drop to around 600 before the end of the year...
...upbeat, bouncy theme song plays in the background as a mellifluous voice announces the cast spilling out the front door: "Leave It to Beaver, starring Barbara Billingsley, Hugh Beaumont, Tony Dow . .. and Jerry Mathers as the Beaver...
...fact, Beaver was at the time a student of philosophy at Berkeley, and is now a disc jockey and journeyman actor. Ken Osmond joined the Los Angeles police department in 1970 and sued the distributors of Holmes' films to clear up the confusion. Dow is a writer, sometime actor and the father of a son (it was his TV stand-in who was married to Raquel Welch). Mathers is currently negotiating with a network to update the past in a two-hour TV movie version of Leave It to Beaver, starring the original cast (minus the late Hugh Beaumont...