Word: indexes
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Dates: during 1990-1999
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...order to catch up with the West and later to keep themselves entrenched. But politics and the bureaucracy never got to evolve. When success brought on the frenzied speculating of the late 1980s, the ruling establishment covered one another's bets. In 1992 the bubble burst, the Nikkei stock index lost more than half its value, and Japan plunged into recession. The Liberal Democrats lost their grasp on power, returning a year later in coalitions. "The old corrupt system fell apart," says Taizo Yakushiji, a professor of international politics at Keio University. "So finally we're back to where...
...last week the stock had drifted to $12.13--down from a 52-week high of $19.50 and at roughly the same level as when Holland first walked through the door. While Ben & Jerry's has stalled, the Standard & Poor's 500 index has roared nearly 50% higher...
...continuing: through September, Americans put more than $177 million into stock mutual funds, more than twice last year's rate. How high can the Dow go? Ed Yardeni, chief economist at Deutsche Morgan Grenfell who says "The economic fundamentals have never been more bullish," predicts a 10,000 Dow index by the year 2000. That would probably require 10 straight years of the bull market -->