Word: dowe
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Prechter, a soft-spoken, thoughtful, engaging 60-year-old, believes that the bull market of the past eight months that pushed the Dow past 10,000 will inevitably give way to a crash that will drag prices well below the level of early March. He believes this because theories of market behavior put to paper by a guy who died in 1948 tell him so. Yet he makes it all sound perfectly plausible...
...January 2008, the Gallup-Healthways Well-Being Index was launched. It was designed to work like a Dow Jones average of attitude. At least 1,000 people are surveyed daily, 350 days a year. (You can see how happy people are broken down by congressional district; Utah turns out to be the merriest state, West Virginia the glummest.) When the markets tanked last fall, happiness did too, and anyone who has lost his or her job, house or health care is probably still in a world of pain. But here's the funny thing: by this past summer, overall well...
Stocks continued their seven-month rally, lifting the Dow Jones industrial average above 10,000 points for the first time since last October. The symbolic milestone followed better-than-expected September retail sales and once troubled banking giant JPMorgan Chase's report that it earned $3.6 billion in the third quarter. Optimists considered the news an omen of improved economic conditions despite stubbornly high unemployment...
...Dow's road to recovery...
...Dow closes at an all-time high...