Word: dows
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Dates: during 1990-1999
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From a spectacular high of 9337.97 in mid-July, the Dow Jones Industrial Average has zigzagged its way down some 1500 points, closing at 7795.50 last Friday--a net drop that rivals the 1987 Black Monday crash of 20 percent...
...chief economist of Deutsche Bank, a German investment bank, has said the Dow will bottom out around 6500, while Abby Cohen, a prominent analyst for Goldman Sachs, is predicting a return to the 9300 plateau by the end of the year...
...think you had a tough week last week--and who didn't, with the Dow off 482 points?--you might perk up after a chat with Stanley Druckenmiller. A six-footer with deep-set eyes and a grin that creeps sideways across his face like a stock ticker, he has been labeled the world's brightest currency trader, an Einstein of the pits. Druckenmiller's paycheck is signed by George Soros, for whom he oversees $22 billion. Uh, make that a little less. Last week Druckenmiller watched helplessly as the Russian debt market vaporized into fiscal neutrinos, taking the last...
That was enough to give the commentators plenty to chew on through the long wait on Monday. The day began with an NBC poll showing Clinton's job approval at an all-time high, 70%. The markets were happy too: the Dow jumped 150 points. The weather in Washington was baffled, raining and shining and raining again through air that defied you to breath it. On "Monica beach," the 50-yd. stretch of White House gravel where the TV reporters do their stand-ups, 35 bright umbrellas sprouted like mushrooms, and the pressroom was packed despite a complete absence...
...YORK: Russian fears gave Wall Street another jittery ride Friday. The Dow veered wildly between a 150 point drop and a 60 point-climb, ending the day off by 114. Europe was in an ambiguous mood, too. At one point investors couldn't get their money out of stocks -- and into bonds -- fast enough. British, German and French exchanges all tumbled more than 4 percent in early trading, before word from New York helped to recoup around half those losses. Still, nobody is able to put the ruble's woes completely out of their mind. The price of gold...