Word: dows
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...widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people won't open their 401(k) statements; they just can't look. But as we wait in the dark, a new reality takes hold, that our lives this year are being reshaped by enemies...
...time he arrived on Wall Street to declare that "there is no capitalism without conscience; there is no wealth without character," the markets had shorted his speech. The Dow dropped 179 points by the end of the day. By now people know that capitalism is a spectacle of hope and greed and guts and guile, all racing toward the bottom line. That is its genius, but without guardrails, the whole contraption can take us over a cliff. On Wednesday the Senate voted 97-0 for a program far tougher than the one the President had proposed and even the Republicans...
...widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people won't open their 401(k) statements; they just can't look. But as we wait in the dark, a new reality takes hold, that our lives this year are being reshaped by enemies...
...time he arrived on Wall Street to declare that "there is no capitalism without conscience; there is no wealth without character," the markets had shorted his speech. The Dow dropped 179 points by the end of the day. By now people know that capitalism is a spectacle of hope and greed and guts and guile, all racing toward the bottom line. That is its genius, but without guardrails, the whole contraption can take us over a cliff. On Wednesday the Senate voted 97-0 for a program far tougher than the one the President had proposed and even the Republicans...
...grinning from magazine covers and defended the billions they made on the grounds that they were making us all rich in the process. You did not actually need to get richer to feel richer; even other people's paper profits had a magical effect: Times are good; the Dow is up; let's go to the Sizzler instead of McDonald's, the Seychelles instead of Sarasota. Cabbies turned day traders got crushed when the NASDAQ tanked, but careful investors who did their homework were the luckiest generation ever. Pay $9.95 a trade, buy and hold, and retire...