Word: dows
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Dates: during 1990-1999
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...would leave hefty rewards for their children. They didn't. At what point, after how many new fortunes, can we proclaim the old paradigm of stock risk and bond reward as dead as the utilities-as-ultimate-wealth-generator theory? Judging by the feisty performance of the creaky old Dow, not to mention the rockin' nasdaq, shouldn't we call the financial-risk coroner come the millennium...
...Tell that to the people in the cafeteria, `The Dow Jones Industrial just went up. Aren't you happy?'" he said...
...have hit a historic low: -4% of gross domestic product, according to Hormats. "This private-sector deficit is enormous," he says. People feel flush enough, due to their soaring stock portfolios, to keep buying consumer goods on credit--the so-called "wealth effect." But a drop in the Dow Jones index or some other shock could quickly erase those paper gains and choke off the spending boom. So while the Clinton Administration is touting consumption-driven growth, Dresdner Bank's Ernst-Moritz Lipp is critical. "We shouldn't praise as an important development something that is due to an unsustainably...
Indeed, polls are now so essential to our national life that the President's approval rating will no doubt soon join the weather and the Dow Jones Industrial Average on every news update. Can't you hear it now? "It is currently 41 degrees and overcast in Central Park. In business news, the Dow closed down 128 points today, closing at 9,104. In Washington, the President's approval rating climbed one and two-fifths to 71.6 percent, hitting a new high. Now this...
...plans for a recovery in Asia, continues to struggle with economic reform. And in the U.S., growth is more dependent than ever on the stock market--which has been powered to new highs on the back of Greenspan's interest-rate cuts during the fall. The link between the Dow and the GDP means that a major correction in the stock market could send the trio's fondest hopes into the dustbin. "They have done a masterful job so far," says Stephen Roach, a Morgan Stanley economist. "Unfortunately, in financial markets you are only as good as your last move...