Word: dowing
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Dates: during 1990-1999
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...rumors have whipsawed the world's stock markets, heightening the mood of impending economic disaster. The Dow Jones average closed at 2510.64 last week, up 58 points for the week but down almost 500 points from its peak in July. Other markets have been hit even harder. In the shadow of Tokyo's debacle, Taiwan's exchange has fallen 80% since February, a collapse so sharp that it has prompted several local investors to commit suicide...
...could have made a huge return shorting the stodgy Dow Jones average, which fell from 3000 to 2500 between July 17 and Aug. 23. But that was the least of it. Most stocks dropped much more than that. Boeing was down from 60 1/4 to 42 1/2. Disney was down from 131 1/4 to 95 1/8. Golden Nugget, from...
...Friday markets generally steadied as traders and investors began to suspect that the earlier nose dive had been an overreaction: nothing so absolutely awful had happened yet. In Manhattan the Dow Jones industrial average climbed 49 points to a close of 2532.92 -- still down 112 points, or 4.2%, for the week and more than 460 points, or 16%, below its July 16 high of just under 3000. But no one could be sure that the worst was over. Some markets, notably bonds, kept right on going down. More important, the threat of war has not begun to fade...
...recession alarms swiftly spread to the world's financial markets, where stock prices plunged. On Wall Street the Dow Jones industrial average fell 93.31 points Monday, then recovered a bit, but closed the week at 2716.58, down a total of 93.07. As recently as July 16, the Dow had climbed to an all- time high of 2999.75. In Japan, which is almost wholly dependent on foreign oil, the Nikkei Index of 225 stocks closed Friday at 27,329.55, down 7.4% for the week and 11.4% since Iraq invaded Kuwait...
...alone. As usual, the market's jump caught most people by surprise. A May 7 Business Week story titled "How Low, Dow Jones?" had one pair of bears answering: 1000. That same day Howard Ruff's newsletter explained that "the momentum chart is very bearish. Every other major stock index has fallen below its longterm optimal moving average, making it nearly impossible for the Dow not to soon follow suit. Watch out below!" Mutual funds were sitting with record amounts of cash. Individuals had sold vast numbers of shares short, anticipating a decline...