Word: dowe
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Dates: during 1990-1999
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Environmental sensitivity is now as required an attitude in polite society as is, say, belief in democracy or aversion to polyester. But now that everyone from Ted Turner to George Bush, Dow to Exxon has professed love for Mother Earth, how are we to choose among the dozens of conflicting proposals, restrictions, projects, regulations and laws advanced in the name of the environment? Clearly not everything with an environmental claim is worth doing. How to choose...
...returned to the lender. The Feshbach brothers of Palo Alto, Calif. - Kurt, Joseph and Matthew - have become the leading short sellers in the U.S., with more than $500 million under management. The Feshbachs command a staff of about 60 employees and claim to have earned better returns than the Dow Jones industrial average for most of the 1980s. And, they say, they owe it all to the teachings of Scientology, whose "war chest" has received more than $1 million from the family...
...Gerbino, 45, is a money manager, marketmaker and publisher of a national financial newsletter. He has boasted in Scientology journals that he owes all his stock-picking success to L. Ron Hubbard. That's not saying much: Gerbino's newsletter picks since 1985 have cumulatively returned 24%, while the Dow Jones industrial average has more than doubled. Nevertheless Gerbino's short- term gains can be stupendous. A survey last October found Gerbino to be the only manager who made money in the third quarter of 1990, thanks to gold and other resource stocks. For the first quarter of 1991, Gerbino...
...could be on a brass plaque near the trading floor: on Wednesday, April 17, the Dow Jones industrial average closed above 3000 for the first time in history. But what does the long-anticipated bench mark really mean? Statistically, the Dow's performance was a thing of wonder. The index first closed at more than 1000 on Nov. 14, 1972, took more than 14 years to close above 2000, then raced to last week's record-breaking 3004.46 close in little more than four years, barely missing a beat even during the crippling crash in October 1987. The milestone demonstrates...
...hoopla, many Wall Streeters don't much care about the Dow, based on a mere 30 blue-chip stocks. More broadly based market measures such as the Standard & Poor's 500 and the Nasdaq composite index have already hit record highs. The breaching of the 3000 barrier may have more psychological than economic significance. "The Dow is purely the public's index. No money manager whom I know pegs his or her results to the Dow Jones," says Wharton School finance professor Jeremy Siegel. When adjusted for inflation, even the Dow has seen more spectacular days...