Word: dows
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...onto the Internet six times a day to see my returns." De Jonge isn't the only one looking for the exit. London's FTSE 100 touched a five-year low last week, and so far in 2002 the blue-chip European companies that make up the Dow Jones Stoxx 50 index have declined 24%. That bonfire of capital has been fueled only in part by the revelations of corporate sleaze on the other side of the Atlantic. "Even if Europe hasn't had a scandal like Enron or WorldCom," says Sorbonne economist Christian de Boissieu, "the situation confronting...
...pillory the limited enforcement measures Bush proposed to rectify the situation. Even his own party wants more; by Thursday the Senate was debating tougher proposals to protect investors, and Republican House Speaker Dennis Hastert endorsed those, rather than Bush's more limited remedies. Investors appeared unimpressed with either; the Dow lost nearly 700 points for the week, and closed Friday below...
...largest gang of upper-income banditti since the Ponzi, Insull, bank and bucket shop defendants of the early thirties. The recent peak-to-trough decline of nearly 75% in the tech-heavy Nasdaq also happens to represent the steepest decline in a major stock market index since the Dow Jones Industrial Average fell more than 80% between...
...asterisks pointing to scriptural footnotes. That is how Todd Strandberg reads his paper. By day, he is fixing planes at Offutt Air Force Base in Bellevue, Neb. But in his off-hours, he's the webmaster at raptureready.com and the inventor of the Rapture Index, which he calls a "Dow Jones Industrial Average of End Time activity." Instead of stocks, it tracks prophecies: earthquakes, floods, plagues, crime, false prophets and economic measurements like unemployment that add to instability and civil unrest, thereby easing the way for the Antichrist. In other words, how close...
...best ways to make money and reduce risk in today's choppy market is through a classic hedge fund: one that bets on some stocks to go up and others to go down. Since January 2000, when the Dow peaked, hedge funds have risen 13% on average, while the typical stock has fallen 20%, reports Hennessee Group, a hedge-fund tracker. Over the past three years, assets in the 6,000 U.S. hedge funds have more than doubled, to $563 billion...