Word: dowe
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Dates: during 1990-1999
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...Tokyo. It's up to the Japanese to get themselves back in shape." Japan has been sluggish in responding to G7 pleas for urgent action, but Treasury official Larry Summers flies to Tokyo later today to press the case. Because as Monday's 200-point drop in the Dow on news of Japan's recession confirmed, Washington and Tokyo are in this together...
Wall Street may also be starting to wonder. After a long run as one of the brightest stars in the Dow firmament, the company's stock has slipped 10% in the past month. The good news is that Disney remains the world's most beloved entertainment brand name--a kind of profitability triple threat that uses movies, theme parks and merchandise to turn every hit into a volcano of revenues. But some analysts are worried that its fabled pre-eminence in the animation arena has eroded since its Lion King days and that its theme parks face newly ferocious rivals...
...High praise indeed, especially from a sourpuss like the Fed chairman. So why on earth did the Dow slip 78 points in Wednesday's session -- after gaining almost 250 points over the past four -- as if CNBC had rerun the "irrational exuberance" speech instead? "We're in between earnings seasons right now, and no one expects the Fed to raise interest rates anyway," says Fortune writer Nelson Schwartz. "All that is translating to a lethargy in the markets -- volume has been weak, even when the Dow goes up. People need a new reason to get excited about stocks; Greenspan just...
...last year. The good times may persist until the last baby boomer retires in splendor in 2029. But the market has a history of taking back a good chunk of what it gave--and when you least expect it. Investors got a reminder of that last Tuesday, when the Dow plunged 151 points, part of a four-day drop. It fell an additional 176 points by midday Wednesday, recovered a bit, then fell 70 points Friday...
...self-interest; the subtitle might well have been "how fund companies can avoid blame when the bubble bursts." But the basic message--that the market cannot keep going straight up--is a good one. Any stocks or stock funds that you can't hold through a 2000-point Dow slide you should sell...