Word: dowe
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Dates: during 1980-1989
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Still, Dukakis' campaign was dogged by bad luck. On Wednesday the Dow Jones industrial average fell 20 points in 15 minutes because of a false rumor that the Washington Post was about to publish a report charging Bush with marital infidelity. The dive illustrated how deeply the financial community fears a Dukakis victory. The next day the Duke had to fire Donna Brazile, one of the campaign's highest-ranking blacks, because she had recklessly told the press that Bush ought to "fess up" to the sexual allegations, which have never been substantiated. At the very moment when...
...will break dow results according to gender, class year, house affiliation and possibly home state, but organizers cautioned against interpreting its results as an official study...
WHEN ZWEIG TALKS, PEOPLE LISTEN. Analysts who foretold the crash have achieved guru status. Chief among them may be Marty Zweig, 46, who publishes the Zweig Forecast newsletter and manages $1.3 billion in pension funds from his Manhattan headquarters. Zweig turned bearish in September 1987 and predicted that the Dow Jones average would soon plunge 1,000 points, to 1755 (the actual bottom: 1738). In the year since his prediction came true, with most newsletters sagging, his subscriber list has grown 90%, to 15,275 (at $245 a year...
...remember being stunned by the 508-point drop in the Dow Jones industrial average last Oct. 19, but it was not until the morning of Oct. 20 that I became truly frightened. The market, on that day, ceased to exist. One major stock after another was closed and could not be traded. With other markets around the world in a similar state of panic, a major financial crisis was obviously at hand...
Such widespread avoidance of Wall Street is producing some painfully quiet days for traders. A year ago, volume on the New York Stock Exchange often exceeded 200 million shares a day. Since the crash, it has typically reached just 160 million shares. Meanwhile, the Dow Jones average has drifted down from a high of 2169.45 three months ago to a low of 1978.66 during August. Last week the stock market was buoyed somewhat by a sharp improvement in U.S. trade: during July the spread between exports and imports narrowed to $9.5 billion, down from a $13.2 billion deficit the previous...