Word: dows
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Dates: during 1990-1999
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...which items are on sale because they've gone out of style or out of season, and which ones are damaged goods. And that's just how you ought to shop when there's a clearance sale in the stock market, like the one that knocked the Dow down 207 points last Monday. But there you have to inspect the goods especially closely. Stocks aren't vacuum cleaners; if they break when you get home, you can't take them back to your broker for a refund...
...made by Wall Street analysts. He expects--"by the end of the summer"--a correction of 10% to 15% in today's stratospheric stock-market prices that will interrupt a long-term bull trend. Varvares is both more and less optimistic. He foresees only an 8% drop in the Dow Jones industrial average but one that will fall "on a sustained basis" through year...
Both Sinai and Varvares are raging bulls compared with Edward Yardeni, chief economist of the investment firm Deutsche Bank Securities. Formerly one of the stock market's biggest boosters, Yardeni now thinks the Dow may give one last spasmodic twitch up to 10000 by September, then fall 30% in 1999. That, he says, would be in anticipation of a global recession starting...
...YORK: So the salad days are back, right? The Federal Reserve's yen-propping Wednesday certainly had the desired effect: The yen rebounded, the dollar retreated, and the Dow, in one spectacular burst, erased nearly all of Monday's losses and closed up Wednesday 164 points in the black. Tonight, look for Asia to be back in a buying mood...
...used to it. "I'd be very suspicious," says TIME Wall Street columnist Daniel Kadlec. "This was a relief rally -- an excuse to bargain-hunt on the good yen news." Psychology, even on hair-triggered Wall Street, can only take the Dow or NASDAQ so far north. "There's a long history of central banks proving themselves unable to force a currency to stay up or down," says Kadlec. "The economic fundamentals always...