Word: dowe
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...converted from a traditional IRA to a Roth IRA earlier this year when the market was sky high, why not do it again? You have to pay taxes on the value of your portfolio at the time of the big switch, so now that the Dow has gone south, it might be wise to roll back into a traditional tax-deferred IRA and then instantly reconvert into a tax-free Roth, potentially lightening your tax load come next April 15. But don't wait too long to roll over: the IRS could amend the rules this fall to restrict...
...Standard & Poor's 500 and the Dow Jones industrial average both declined by about 10 percent between July and mid-September, roughly the same drop as Harvard's endowment...
WASHINGTON: Alan Greenspan got a worldwide round of applause Thursday for his appearance on Capitol Hill Wednesday. Indexes in Japan, Hong Kong and South Korea -- economies where a rate cut would provide badly needed breathing room on foreign currency debts -- all followed the Dow's Wednesday lead with hefty spikes of their own. U.S. markets then settled into a leisurely sell-off Thursday, with traders apparently shelving some of those buy orders until after next week's policy meeting...
...says TIME business editor Bill Saporito: "Getting Japan to do something -- anything -- about the $1 trillion in bad loans that have paralyzed the banking system." And although Japanese investors were hopeful, boosting the Nikkei by 1.42 percent Tuesday and bolstering the yen's value against the dollar, the Dow, which at midday languished 50 points in the red, indicated no such optimism. "Japan is a consensus society -- it takes a long time to accomplish anything," says Saporito. "Clinton and Obuchi can have all the summits they want, but the work to be done is in Japan, not New York...
...doesn't matter, because he did what we wanted. The truth is, we originally got into this thing because it's cool to watch numbers go up. That's why the Dow Jones is such a star and why it's kind of fascinating to watch the votes come in on C-SPAN, even though you don't know what people are voting on. (Come on, Dems, you lazy bums! Get to your seats and vote!) But once this chase became so big, we had to look for a deeper explanation, something greater than the obvious self-satisfaction of being...