Word: dows
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Dates: during 1990-1999
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...Alan Greenspan aspired to be the Grinch who stole Wall Street's Christmas, he spoke up too late. The Federal Reserve Board chairman's warning of "irrational exuberance" in stock prices braked the market for just two days before investors stepped on the accelerator again, sending the Dow Jones industrial average into uncharted territory. So brokerage and investment-banking firms and their employees are whooping it up with perfectly rational exuberance: they are closing the books on their most profitable year ever. Year-end bonuses will surpass even those of the best years of the junk-bond infused, too-much...
Silicone breast implants have been blamed for virtually every ailment imaginable--muscle aches, joint pain, mysterious rashes, even serious autoimmune diseases like lupus and scleroderma. So it is little wonder that implant lawsuits have clogged the nation's courts and forced one manufacturer, Dow Corning, to seek pre-emptive bankruptcy. Yet many medical and legal experts have long suspected that the blame laid on implants is based on "junk science." Last week, in a bold opinion that surprised legal experts across the country, a federal district court judge in Portland, Oregon, endorsed that view. Expert testimony linking implants...
Certainly Judge Jones can be applauded for attempting to apply rational standards to an area of testimony that too often has promoted confusion over clarity. He has heeded the Supreme Court's ruling, in Daubert v. Merrell Dow Pharmaceuticals, that judges should try to independently assess the scientific merits of expert testimony--and in so doing, he may hasten the resolution of a legal ordeal that has brought anxiety and psychological pain to many women...
...status quo" rally that has even seasoned traders shaking their heads. The prospect of at least two more years of Democratic President Bill Clinton pitted against a Republican-controlled Congress is just the tonic investors seem to want. Since Nov. 1, when Clinton looked to be a lock, the Dow Jones industrial average has zipped past 6100,6200 and 6300, en route to a near 6% gain...
...long will the celebration last? "Common sense tells you it's got to end," says Hugh Johnson, market strategist at First Albany Corp. But he also points out that on a trailing 12-month basis, the Dow is up 15% or more for 18 consecutive months--a streak unparalleled since the 1950s. As long as the Clinton-Congress stalemate holds, "it's very hard to shoot holes in this picture," he says...