Word: dows
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Kordus has plenty of partners in anxiety as every lurch in the market--the Dow index did a three-day wiggle and dropped 57.34 points to close at 6931.62 last week--makes skittish investors wonder whether it's finally time to pull the rip cord and cash out. "The average person is very jittery but is still bringing in money in hopes of staying with the bull market," says Robert Coleman, an investment adviser with the firm Christopher Weil & Co. in San Diego. "People are constantly calling and asking, 'What do you think?'" Coleman adds. "I say, 'Relax, stay...
...least, Coleman and a chorus of like-minded gurus may well have it right. Since the Dow stood at 3300 four years ago, the tireless trend of the market has reflected an astonishingly resilient and inflation-free U.S. expansion that, like the Energizer Bunny, just keeps going. The economy grew at a robust 4.7% rate in the fourth quarter of 1996, for example, and last week the government reported that consumer prices rose a barely perceptible 0.1% in January...
There's no telling when, of course. We might see Dow 8000, 9000 and 10,000 before the next sharp market decline--the dreaded bear market. Incredibly, the current blistering pace would roll the Dow past those milestones by year's end. How far is up? That question is relevant only to those able to spot the market's top and get out before the herd--which is to say it is relevant to no one because while some may get lucky, no such expert exists...
...when the market finally blows, you can be sure it'll take the clothes off our backs. The only way to hang onto your threads is to lighten up on stocks now and sell a little more every time the Dow notches a few hundred points higher. That's heresy in today's stock-crazed world. It could mean missing the better part of a huge rally still to come. So no one is going to do it. Heck, we're still throwing $20 billion a month into stock mutual funds. The inflows haven't even slowed, much less stopped...
Abby Cohen, the closely watched market guru at Goldman Sachs, has become mildly unnerved by the Dow's 10% rise in recent weeks--a gain she had expected would take all year. But she's raising her target anyway. Ralph Acampora, a veteran at Prudential Securities, two years ago predicted the move to 7000. Now that it's happened, his new target is 8250. And once we get there? On to 10,000, natch. Meanwhile, pundits who do make a bear stand don't last. Elaine Garzarelli, known for her 1987 warning, issued another late last summer but has already...