Word: indexes
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Dates: during 1980-1989
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From last year's low to this year's high, Standard & Poor's index of 500 stocks was up 67%. Another S & P index of low-priced stocks had jumped 152%. Value Line's Composite Index, closely watched by many small investors, had ballooned by 86%. The most widely watched indicator of all, the Dow Jones index of 30 industrial stocks, turned in one of its best performances ever...
...June it reached a record 1248.30, up 61%. That increase is rivaled by only one other in the history of the index, which was begun in 1884 by Charles Henry Dow, the first editor of the Wall Street Journal. In 1932 and 1933, on the eve of Franklin Roosevelt's New Deal, it rose from 41 to 105, or 156%, more than doubling. That market, like the current one, was severely undervalued to begin with...
...wealth created by the upward push in the price of stocks dwarfed the figures from any bull market since records started being kept. In all, according to the authoritative Wilshire index, some 5,000 stocks had produced $660 billion in paper profits by last week, down somewhat from the $700 billion or so in June when stocks were at their highest. If the total seems breathtaking, it must be measured against the fact that a decade and more of inflation had so seriously eroded stock values that for many investors, the bull market's gains enabled them...
...Manhattan's Mount Sinai Medical Center says flatly, "If you want to guess what a child will be like at age seven, look first to the socioeconomic background." This is not simply a matter of economic hardship or nutritional deficiency. Says Brown's Lipsitt: "The socioeconomic index is as powerful a predictor of later intellectual prowess as any variable we've got, but it doesn't operate in a vacuum. It is a representation of the way people live and relate toward each other, and the way they behave toward babies...
Once an agreement was reached in March, the negotiators began lobbying local Chambers of Commerce, county commissioners, and ranchers who graze cattle on the strip. In Washington, the measure has strong bipartisan support and is expected to pass both the Senate and the House in this session. One index of its acceptability: a leading sponsor is Arizona Democrat Bob Stump, who has never voted for a wilderness bill during his seven years in the House...