Word: dowe
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...market values of many of the companies by more than 95%. And, they did it quickly. A perfectionist would argue that investors should have seen the bad news coming. But, that is not unlike saying that stockholders should have seen the recession coming. If they had, the Dow might never have made it above...
...does this rally have more to go? This rally can hit 1055 on the S&P 500 and 9800 on the Dow, but longer term, we have to view this in the context of a base-building process, which means that we are probably going to go back down and retest the lows before this process is over. [The stock market's lows were 667 on the S&P 500 and 6440 on the Dow, both reached in early March...
...base-building allows this rally to continue for a while, but you're also saying that it could take the Dow back below 7000? What determines our fate? Whether we return to the lows will really depend on what happens to the financial-sector stocks. The government has provided many new programs to help fix our banking system, and how those programs work will determine whether the financial stocks have to go to new lows. The broader stock market has been building a technical base since October, but financial stocks are just starting to build a base. The risk...
...back to the present: With stocks dropping this week, at what market level do you start to believe that we're going back to retest the lows of March? If we go below 740 on the S&P and around 7030 on the Dow...
...September, just as the stock market began to plunge, fashion designers, journalists and buyers were taking in the fall 2009 runway shows in Paris and trying to rationalize what they were seeing. Even at its most frivolous, fashion always reflects the moment, so how would designers interpret the collapsing Dow and skyrocketing unemployment? Clarity came for me at Junya Watanabe's poetic show, a tribute to African style expressed in hand-blocked prints paired with recycled-denim skirts. As the first model appeared, a hush of recognition settled over the audience. It was a true fashion moment, one that defines...