Word: dowe
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Dates: during 1980-1989
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...devastating market crash. "I'm telling you, psychology is really funny. People get crazy in situations like that," said portfolio strategist Elaine Garzarelli. Last week Friday the 13th lived up to its frightful reputation. After drifting lower at a sleepy pace for most of the day, the Dow Jones industrial average abruptly lurched into a hair- raising sky dive in the final hour of trading. By the time the 4 p.m. closing bell halted the rout, the index had dropped a nightmarish 190.58 points, or nearly 7%, to close...
...Dow Jones Industrials daily closings
Indeed, it started to shape up as a repeat of Black Monday, with sharp declines in foreign stock markets and the Dow Jones average falling about 63 points in the first half-hour on Monday...
...Friday, the Dow Jones average suffered its second-biggest point drop ever, falling 190 points and raising fears of a repeat of October 19, 1987, when a Friday decline turned into a Monday rout that knocked a record 508 points off the average...
...trouble with the pilot-management buyoutof the parent of United Airlines that sparkedFriday's 190-point plunge in the Dow. The UALCorp. bidders continued scrambling yesterday toput together a new deal as the stock plummeted $53a share to $226.75 in late trading...