Word: dows
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...found that 69 percent say this is a good time to buy stocks - and told clients to sell, since with that much optimism there was sure to be further disappointment. And by the closing bell, they were already right - NASDAQ (down 35) had plunged through the 1600 level, the Dow (down 190) had erased all of last week's gains, and blue-chips everywhere were hitting new lows...
...started with another mini-rally dying in its crib. Wall Street opened Wednesday feeling good about bargain-hunting and in the mood to add to Tuesday's gains when the will-it-or-won't-it recovery struck again. Manufacturing disappointed, construction spending was down, and so was the Dow, slipping more than 100 points in a hurry and showing no signs of getting...
...Wall Street's bulls lapped up the news that the nation's highest-profile manufacturers - and one of its handiest gauges of consumer sentiment - were feeling flush, and staged a stirring comeback in a season that hasn't seen many of those. By the closing bell, the Dow was up 113 points, and had crossed back over the 10,000 mark (for the 15th time...
...that evidence - with some nice geopolitical uncertainty thrown in for good measure - Wall Street is having trouble getting out bed in the morning. After the University of Michigan took the air out of the GDP number, the Dow and NASDAQ started to sag under IBM and Microsoft and not a few other heavywieghts, and after a last trading hour of total dejection, the Dow had had its worst week since September and was back under five digits at 9,910. The NASDAQ sank 49 to 1,663. Only bonds celebrated, and on the postgame shows, the capitulation-watch was back...
...what ever came of Dow's experiments on chlorpyrifos, the killer ingredient used in Raid and hundreds of other bug sprays and lawn-care products? The EPA ended up banning household use of the insecticide, a nerve-gas derivative found to cause brain damage in fetal rats and weakness and vomiting in children. --By Julie Rawe