Word: dowing
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Then, as now, the Dow Jones averages had been gyrating wildly. Then, as now, the market was overvalued on an earnings basis, meaning that people were paying way too much for future earnings versus what they had paid historically. Then, as now, foreigners were buying like mad, and we know they are always late to the party...
Patricia, do you remember--does anyone?--Oct. 19, 1987, that lose-your-lunch Monday 10 years ago this week when the Dow Jones industrial average plunged 23% and sent shrieks issuing from the canyons of Wall Street? A similar crash today would take the Dow from 8000 to 6160 in a single day. It would hack your mutual-fund balance from...
WASHINGTON: It was "irrational exuberance" all over again Wednesday morning as the Fed chairman browbeat the House Budget Committee and sent the Dow into a 100-point tailspin by eleven o'clock...
Alan Greenspan proves he can still send the Dow spinning down (TIME Daily...
Many were convinced even before Disney's change of heart. The number of companies with direct-purchase programs has doubled in the past 12 months, to 330. Eleven of the 30 companies in the Dow Jones industrial average have such programs. "Look for 20 Dow stocks to have them by the end of next year," says Charles Carlson, editor of DRIP Investor, a newsletter based in Hammond, Ind., that reports on direct-purchase and dividend-reinvestment programs. Just because a company offers stock for direct purchase doesn't make it a great investment. But it's a nice edge...