Word: dropped
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Dates: during 1990-1999
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Last week's turmoil on Wall Street was the latest in a summer-long slide that has knocked almost 740 points, or nearly 8%, off the Dow index since July 17, a decline that economists call a correction. (A 20% drop signals a "bear market.") But a deeper and quieter sort of stock decline has been under way much longer, particularly among smaller companies. For example, the Russell 2000 Index of small-capitalization stocks has fallen nearly 5% since January. Investors have been seeing these declines for some months in their brokerage statements. So as they survey the carnage...
...forecast can measure the volcanic threat created by the crisis in Asia. Economists generally blame the drop in stocks on slumping U.S. exports to the stricken region. The decline limited the growth of U.S. corporate earnings--a key determinant of stock prices--with industries from chemicals to aerospace reporting lower profits in the second quarter than in the same period a year ago. "Asia is unpredictable," says Allen Sinai, chief global economist for Primark Decision Economics. "I can't guarantee that there will be no recession in the U.S. next year because no one can be sure about Asia." Observes...
...other numbers, wins $3. Players can opt to chose their own numbers or purchase "quick pick" tickets with computer-generated selections. The Lucky 13 always went the latter route. But a former group member named Robert Kronk made the ill-fated decision just three months ago to drop out of the group because he wanted to choose his own numbers. Last week Kronk, an optimist about human nature, told reporters, "I'm sure they'll take care of me...I've helped them out before...
Even in a bull market, individual stocks can tank and leave small shareholders devastated. Recent examples include the staggering 84% decline at small-appliance maker Sunbeam and a 66% drop at franchise operator Cendant, where just last week chairman Walter Forbes resigned under pressure. Both are widely held stocks, and, predictably, both now face scores of lawsuits that allege accounting fraud. Ultimately, the cases against both will become class-action affairs and so serve all who owned the stocks before their meltdown. But even if the suits succeed, the overwhelming odds--and this is true in any suit over...
CLICK TILL YOU DROP...